The CEO of General Electric once stated that every division of the company had to be first or second in their respective industry or be sold or shut down. This statement aligns with the generalized values-based culture, ______, in the Competing Values Framework in that its primary objectives are profitability and bottom-line results.

Question

Quizplus · Accepted Answer

The Competing Values Framework identifies four types of organizational culture: Clan, Adhocracy, Market, and Hierarchy. The Market culture focuses on transactions with external parties and emphasizes competitiveness and productivity with the primary goal of achieving profitability and success in the marketplace. The CEO's statement aligns with the Market culture because it emphasizes the importance of being a leader in the industry to ensure profitability and bottom-line results.

The CEO of General Electric Once Stated That Every Division