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Unit 15 Organizational Culture—Competitive Advantage 企业文化—竞争优势 Comprehension questions: 1. What is the definition of organizational culture given in the text? 2. What are the three characteristics of organizational culture? 3. How does organizational culture operate at both more visible and less visible level? Give examples to illustrate. 4. How do you understand Vijay Sathe’s Model for observing and interpreting organizational Culture? Part A Exercises 1) Directions: Listen to the first news item carefully and decide whether the following statements are “T” (true) or “F” (false). (1) ( ) Unocal is going to negotiate with Chevron Corp. again Thursday on its merger offer. (2) ( ) Chevron’s April bid for Unocal is two dollars a share lower than CNOOC’s proposed merger offer. (3) ( ) CNOOC offers to acquire almost all outstanding shares of Unocal for a total of 67 billion US dollars in cash. (4) ( ) Chevron would not allow Unocal to engage in discussions with CNOOC Ltd. until the date of the Unocal stockholders voting on the proposed merger. (5) ( ) Unocal is an independent natural gas and crude oil exploration and production company. 2) Directions: Listen to the second news item carefully and complete the following passage by filling the missing information. Mark Sirower, visiting professor at New York University, says surveys have repeatedly shown that about _________ of mergers fail to benefit acquiring companies, whose shares subsequently ___________ their sector. Why? Colin Price, a partner at McKinsey, the management consultants, who specializes in mergers and __________, says the majority of failed mergers suffer from poor ___________. And in about