MGM102H5 Chapter Notes - Chapter 8: Dot-Com Bubble, Air Canada, Organizational Culture
Document Summary
The dot-com boom leaded a downturn of dell inc. Helped realizing that there was a heavy focus on financial performance. Revealed the fact that employees were not loyal to the company when the company has come to significant stock price problem ; would leave for a similar job position elsewhere. Didn"t want to follow the steps of enron( a bankrupt company that had heavy values on stock value and which leaded to commitment of illegal accounting practices) Organizational culture: the values and assumptions shared within an organization. Values are stable, evaluative beliefs that guide our preferences for outcomes or courses of action in variety of situations. Tell us what we ought to do ; a moral compass. Example o f values: security and traditions vs excitement and challenge. Shared values are values that people within the organization or work unit hav in common and place near the top of their hierarchy of values.
