SERVICE SECTOR MANAGEMENT | ICICI BANK AND AXIS BANK | WHAT IS A BANK? A banker or bank is a financial institution whose primary activity is to act as a payment agent for customers and to borrow and lend money. In other words‚ an institution where one can place and borrow money and take care of financial affairs ABOUT The Banking sector in India has always been one of the most preferred avenues of employment. In the current decade‚ this has emerged as a resurgent sector in the Indian economy
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------------------------------------------------- Organizational culture Organizational culture is the behavior of humans who are part of an organization and the meanings that the people attach to their actions. Culture includes the organization values‚ visions‚ norms‚ working language‚ systems‚ symbols‚ beliefs and habits. It is also the pattern of such collective behaviors and assumptions that are taught to new organizational members as a way of perceiving‚ and even thinking and feeling. Organizational culture affects the way
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ORGANIZATIONAL CULTURE Each person has more or less lasting and fixed traits that help predict their attitudes and behaviors. Organizations also have personalities‚ which are referred to as “cultures.” Organizational cultures govern how that organization’s members behave. Organizational Culture is defined as a system of shared meaning held by members that distinguishes the organization from other organizations. There are seven primary characteristics that capture the essence of an organization’s
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ORGANIZATIONAL CULTURE AND THE DEVELOPMENT OF ORGANIZATIONAL CULTURE 1. INTRODUCTION One of the significant elements while discussing about organization development is to discuss its own existing culture as the culture itself is part of organization behavior that gives significant role in shaping organizational sustainability. Above all there is a need to recognize the right culture for any organization to achieve excellence. Peters and Waterman (1982) clearly described organizational
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I. SITUATION AND PROBLEM: 1 for Juan Const. Inc.‚ one of the “Triple-A” construction company in the country has been in the business for 38 yrs. focused on Land Development‚ Housing construction‚ Commercial construction and Convenience Store construction. Despite the company’s good sales/growth history‚ surviving the economic crisis then and now‚ 1JCI has not expanded much to other markets or areas of construction beyond its comfort zone. Economists and business analysts alike believe that the
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What is organizational culture? * Organizational culture- The system of shared actions‚ values‚ and beliefs that develops within an organization and guides the behavior of its members * External adaptation- Involves reaching goals and dealing with outsiders regarding tasks to be accomplished; methods used to achieve the goals; methods of coping with success and failure. * Important aspects of external adaptation * Separating eternal forces based on importance * Developing
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of Contents Introduction Organizational culture is an important part of any organization‚ for this is the principles a company stand for. Without a strong‚ stable culture‚ an organization is sure to fail sooner than later. I will now discuss the subjects briefly mentioned in assignment 1. 1. The organizational culture of the organization where I work: 1.1. A) Definition of Organizational culture and 4 types of cultures. Organizational culture refers to the shared values‚ norms‚ visions
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Strong/weak cultures Strong culture is said to exist where staff respond to stimulus because of their alignment to organizational values. In such environments‚ strong cultures help firms operate like well-oiled machines‚ engaging in outstanding execution with only minor adjustments to existing procedures as needed. Conversely‚ there is weak culture where there is little alignment with organizational values‚ and control must be exercised through extensive procedures and bureaucracy. Research shows
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INTRODUCTION Culture is the way of life. Societal culture consists of the assumptions‚ beliefs and values acquired and held by the majority of people in a geographical area (Sinha 1991). The word culture derivative of Latin Word ‘Culture’ Steaming “COLERE” means to cultivate. Culture first appeared in the Oxford English dictionary around 1430 it meant “Cultivation” or “tending the soil” based on the Latin culture. In 19th century ‘Culture’ was associated with the phrase “high culture” meaning the
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Organizational Culture and Its Positive Effects Student Name: Dung Dang‚ Dung Nguyen‚ Phuong Tran‚ Sinh Nguyen‚ Vinh Phan Course/Number Date: November 06th‚ 2012 Instructor Name: Prof. Douglas Foster Organizational Culture and Its Positive Effects Nowadays‚ organizational culture term is more and more familiar and becoming one of relevant topics in business area. It involves a set of values‚ norms‚ relationship‚ behaviors‚ and attitude towards an
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