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Business strategy
Organisational culture and its effect on a business success.
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[QUOTE="Mikes smithen, post: 304947, member: 90053"] Business culture can have a significant impact on a company's success. A positive and strong business culture can lead to higher employee morale, greater productivity, improved customer satisfaction, and increased profitability. On the other hand, a negative or weak business culture can result in lower employee engagement, higher turnover rates, and lower customer satisfaction. A positive business culture can create a sense of community and shared values among employees, which can lead to greater collaboration, creativity, and innovation. It can also foster a strong sense of accountability and ownership, which can help employees take pride in their work and strive for excellence. In addition, a positive business culture can help attract and retain top talent, as employees are more likely to stay with a company that values their contributions and provides a supportive and engaging work environment. On the other hand, a negative business culture can create a toxic work environment, which can lead to low morale, low productivity, and high turnover rates. It can also lead to a lack of trust and transparency, which can damage relationships with customers and suppliers. In summary, business culture can have a significant impact on a company's success. A positive and strong culture can lead to a more engaged and productive workforce, increased customer satisfaction, and higher profitability, while a negative or weak culture can have the opposite effect. [/QUOTE]
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