Which of the following best describes market culture?

(A) Focused on outsourcing business processes to external partners.

(B) Internally focused and ensures that processes and procedures are strictly followed.

(C) Watching the moves of competitors very carefully so as to devise strategies.

(D) Externally focused on competitive achievement and will pursue this through very effective systems and processes.

Explanation

Market culture is best described as a culture in which the environment is highly competitive and the main focus is on getting work done and achieving results. The purpose of the market culture is to make maximum profit and achieve a higher market share. This focus on competitive achievement also pursues through other effective systems and processes.

Conclusion

This question is a part of the Weekly Quiz 2 section from the Organisational design: Know your organisation course. You can check out all the quiz answers to this exam in our Organisational design: Know your organisation Quiz Answers page.

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