This document discusses key aspects of organizational culture including its definition, elements, types, how it is created and transmitted, its role in mergers and acquisitions, and the debate around whether cultures can be managed. It defines organizational culture as the shared assumptions, values, and beliefs that guide how an organization operates. It identifies elements that shape culture like risk tolerance, communication patterns, and reward systems. It also discusses how dominant and subcultures form and how strong versus weak cultures impact organizational effectiveness.