Final answer:
The Competing Values Framework (CVF) has two fundamental dimensions: Flexibility vs. Stability and Internal vs. External. These dimensions form the basis for understanding different organizational cultures within the CVF model.
Step-by-step explanation:
The Competing Values Framework (CVF) is a model used to assess and understand organizational culture and leadership competencies. The two fundamental dimensions or axes of the CVF are Flexibility vs. Stability and Internal vs. External focus. These dimensions form four quadrants that represent different organizational cultures: Clan (Internal-Flexibility), Adhocracy (External-Flexibility), Market (External-Stability), and Hierarchy (Internal-Stability). This model provides a useful tool for organizations to identify their dominant culture type and align their practices and strategies accordingly.