Answer to Question #192302 in Macroeconomics for Nthabiseng

Question

An organisation’s culture, values and structure are all variables in the organisation's

Answer 1

Organization’s culture, values, structure are the considered variables in the organization because of the following reason-

1. Diversity- Organization keeps on hiring professionals from diverse backgrounds which allows firms to have a mixture of variety of experience, skills, and abilities. They bring their thinking in an organization which deeply impacts the working culture and values in a negative or positive manner.
2. Globalization- Due to global exposure firms expand and connect with different countries having varied cultures which enables change in the working style of the firm. The firm is required to adopt these changes in order to be competitive in the markets.
3. Invention and innovation- Nowadays technology keeps on changing rapidly which has a significant impact on the structure of firms. Innovative technical changes allow firms to increase or decrease manpower which directly impacts the working structure of the firm.
4. Training- It is a technique used by the firm to improve efficiency and productivity of the firm. Trainers make employees learn new skills and abilities that force them to change according to the need of an hour and become competitive to assist firms to achieve targets.

All the above discussed factors directly or indirectly impact the culture, value and structure of the firm because of which they are considered variable and can not remain fixed for the whole working tenure of an organization.