An Organizational Failure
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An Organizational Failure

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Short excerpt:

There are several aspects that contribute to the accomplishment or failure of an organization. For instance, extreme stress from external market circumstances can hamper organizational effectiveness. In this context, the organizational culture plays a significant role because it helps to maintain the constancy in the dynamic external environment. Circuit City was acknowledged as one of the best organizations which had developed itself by effective organizational culture and remarkable corporate tactics. The development and triumph of Circuit City was discriminated by the downfall of Silo Stores in the period of 1980s and 1990s. But the organization had failed to adjust with the changing environment (Hamilton, Why Circuit City Busted, While Best Buy Boomed).

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