Association of Chartered Certified Accountants (ACCA) Certification Practice Test

What element of the cultural web refers to shared stories and narratives within an organization?

1. Myths and stories

2. Symbols and titles

3. Rituals and routines

4. Power relations

The correct answer is: Myths and stories

The element of the cultural web that pertains to shared stories and narratives within an organization is indeed centered around myths and stories. These narratives play a crucial role in shaping the organization's identity and values. They convey the history, beliefs, and foundings of the organization, often highlighting the challenges overcome and the key achievements that define the culture. Myths and stories serve as a means of communication and bonding among members, helping to reinforce shared values and behaviors. When employees share stories about a significant event or a legendary figure within the organization, they cultivate a sense of belonging and continuity. This narrative aspect can also guide employees in decision-making and shape their understanding of acceptable practices within the workplace. While the other elements mentioned, such as symbols and titles, rituals and routines, and power relations, contribute to an organization’s culture, they do not focus specifically on the narratives that help articulate the collective experience and shared history which are vital for understanding the organizational culture. Myths and stories stand out because they embed the organization's lessons and ethos into the fabric of daily discussions and interactions.