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| Topic: |
Business
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| Number of pages / Number of words: |
18 / 4761 |
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In the first instance, since firms are a part of the larger socio-cultural system and they draw their inputs from it, they cannot be isolated from the cultural milieu. The various values of the society which all the stakeholders share, therefore, affect organizational performance for good or bad. When such values are retrogressive, anti-entrepreneurial and, ethically defective, the organization suffers...
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When such values are retrogressive, anti-entrepreneurial and, ethically defective, the organization suffers. On the other hand, when the values are progressive, ethically vibrant, promote and reward handwork and encourage meritocracy as against ?quatacracy' they rub off positively on the organization (Muo 2002)...
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