Final answer:
Organizational structure and corporate culture refer to elements in strategic management that shape internal operations and employee behavior, influencing productivity and aligning with management strategies to ensure organizational success.
Step-by-step explanation:
The term "_____" refers to a stage in the strategic management process which entails creating an effective organizational structure and corporate culture. Organizational culture includes values, beliefs, attitudes, and systems that shape employee behavior. It significantly influences expectations and productivity within the workplace.
It is not only about internal operations but also how organizations undergo changes, such as during mergers and acquisitions. A well-crafted organizational structure and culture can help ensure that employees are well-suited to the organization and can contribute effectively to its goals.
Corporate culture affects every aspect of a business, from decision-making to the daily interaction amongst colleagues. It aligns with management strategies, such as Douglas McGregor's Theory X and Theory Y, which influence leadership behaviors and, consequently, company culture.
Understanding the priorities of an organization's culture is critical to ascertaining if one fits into that structure and can succeed within it. Furthermore, this process is essential during organizational change, like when new employees are oriented or when companies merge.