B2O 1.1 COMPANY CULTURE

What does the term "culture" refer to in the context of a company?

• The location of the company's headquarters

• The way employees dress at work

• The communication style and dress code of the company

• The number of employees in the company

Which company is mentioned as an example in the video?

• Gravity Payments

• Harvard Business School

• Seattle Credit Card Processing

• Tom Osborn's company

What change did Dan Price announce for the employees of Gravity Payments?

• He increased the company's minimum salary to $70,000 a year.

• He reduced the company's minimum salary to $70,000 a year.

• He increased his own salary to $70,000 a year.

• He reduced the company's revenue by 70,000 dollars.

How did the employees of Gravity Payments react to the salary increase announcement?

• They praised Dan Price as the best boss in America.

• They resigned from their positions.

• They applied for other job opportunities.

• They complained about the new pay structure.

What positive effects did Gravity Payments experience after the salary increase announcement?

• An increase in revenue and new clients.

• A decrease in productivity and job applications.

• A decrease in revenue and client inquiries.

• An increase in senior staff retention.

According to Harvard Business School, what might have contributed to Gravity Payments' success?

• Increased productivity and positive publicity.

• Decreased productivity and negative publicity.

• Decreased revenue and client satisfaction.

• Increased revenue and client dissatisfaction.

What gift did the employees of Gravity Payments present to Dan Price?

• A pay raise

• A vacation package

• A Tesla car

• A promotion

What is the overall outcome of Dan Price's strategy at Gravity Payments?

• It remains uncertain and will be determined in the long term.

• It was a failure and led to negative consequences.

• It only benefited a few employees and not the entire company

• It was a short-term success that had no lasting impact.

Match the following to make sentences from the video.

• 
  a minimum $70,000 pay rate for everyone

• We are going to have

• the way in which staff communicate with

• They felt their skills and experience were not

• 
  recognised in the new more equal pay st

• We talk about the 'culture' of a company – this might mean its dress code or

• go up to $70,000 a year.

• Dan Price announced the company's minimum salary would

Complete the sentences by matching the correct words.

• structure

• An ___ office is one which does not have walls dividing it into separate rooms.

• open - plan

• Company

   ____

  refers to the way a business is organised.

• strategy

• A good ___ in a company means a positive feeling that a place gives employees.

• atmosphere

• Company ___is planning a series of actions in order to achieve something.