Acct5955 : Management Control Assignment Answers

The Nature of Organizational Culture.

Read the following:

specifically the section titled: "Organizational Culture and Competing Values"

1. What is Organizational Culture?

Answer:

Introducation:

Organizational culture is a term that describes the shared values and goals of an organization. When everyone in a corporation shares the same values and goals, it’s possible to create a culture of mutual respect, collaboration, and support. Companies that have a strong, supportive culture are more likely to attract highly qualified, loyal employees who understand and work toward the company’s best interests. When everyone in a corporation shares the same values and goals, it’s possible to create a culture of mutual respect, collaboration, and support.

Organizational culture

It is considered as a wide concept. Organizational culture emphasizes on the shared beliefs and values which is important to be maintained in the workplace. If corporate culture of the organization is effective then companies can achieve success. In corporate culture the problems can take place related to team work, so it is important to maintain corporate culture.

It can be analyzed that management control system focuses on managing the overall dilemma of the organization. MCS were known as the formal control and feedback system which is considered to evaluate the organizational outcome. The role of MCS is to boost the flexibility and also it has a major role in maintaining the changes which take place in the organization. So, it is important to maintain the culture of the organization so that it can be easy for the employees to give their best towards the activities of the company (Henri, 2006).

References:

Henri, J. F. (2006). Organizational culture and performance measurement systems. Accounting, organizations and society, 31(1), 77-103. performance measurement systems (2006). Organizational culture

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