Explain the importance of organisational culture and discuss how does business ethics plays a Pivotal role for the organisation. Give examples.

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Organizational culture refers to the shared values, beliefs, norms, and behaviors that define the way an organization operates and the way its employees interact with each other and with external stakeholders. It is a critical aspect of an organization's identity and plays a significant role in shaping its success, effectiveness, and overall performance. Business ethics, on the other hand, is the set of moral principles and values that guide the conduct of individuals and organizations in the business environment. Let's explore the importance of organizational culture and the pivotal role of business ethics for the organization:

Importance of Organizational Culture:

1. Employee Engagement and Productivity: A positive and inclusive organizational culture fosters a sense of belonging and employee engagement. When employees feel connected to the organization's values and mission, they are more motivated to perform at their best, leading to increased productivity.

2. Talent Attraction and Retention: An organization with a strong and appealing culture attracts top talent and retains its employees. A positive work environment and a supportive culture are essential factors for employee satisfaction and loyalty.

3. Innovation and Creativity: A culture that encourages risk-taking, creativity, and innovation fosters an environment where employees are more willing to experiment with new ideas and approaches, leading to continuous improvement and growth.

4. Organizational Identity and Reputation: Organizational culture shapes the organization's identity and reputation in the eyes of both internal and external stakeholders. A strong culture can enhance the organization's brand and reputation, leading to a positive perception among customers, investors, and the public.

5. Decision-Making and Behavior Alignment: Organizational culture influences decision-making processes and guides employees' behavior. When the culture promotes ethical behavior and responsible decision-making, it reduces ____________ ________ ______ ________ _____________ __________ ___.
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Degree : MASTER DEGREE PROGRAMMES
Course Name : Master in Business Administration
Course Code : MBA
Subject Name : Organisational Dynamics
Subject Code : MS 26
Year : 2023