A market culture is known for having which of the following focuses?

Study for the Penn Foster Principles of Management (BUS 110) Test. Review core concepts with flashcards and multiple-choice questions, each offering hints and explanations. Prepare effectively for your exam!

A market culture is characterized by a strong external focus aimed at competing with others in the marketplace while maintaining a level of stability. In this type of organizational culture, the primary emphasis is on achieving results, meeting customer demands, and gaining a competitive edge. Organizations within a market culture typically prioritize performance outcomes, productivity goals, and customer satisfaction, making them highly driven by external factors such as market trends and competitors.

This focus differentiates a market culture from others, such as those emphasizing internal processes, creativity, or adaptability. For instance, cultures that prioritize internal focus often concentrate on employee involvement and flexibility, while those that emphasize creativity value innovation and new ideas. In contrast, the defining feature of a market culture lies in its competitive nature and the drive for reaching external success, making it uniquely oriented towards achieving measurable outcomes in a competitive landscape.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy