Which of the following is a characteristic of the inaction stage of organizational decline?
A) Management announce belttightening plans designed to cut costs, increase efficiency, and restore profits.
B) Managers wrongly assume that they can easily correct the problems, so they don't feel the situation is urgent.
C) Key managers fail to recognize the internal or external changes that will harm their organizations.
D) Cutbacks and layoffs will have reduced the level of talent among employees.
E) The company is dissolved through bankruptcy proceedings or by selling assets in order to pay suppliers, banks, and creditors.
Correct Answer:
Verified
Q62: Which of the following statements is true
Q63: The three steps in the basic process
Q64: Which of the following is one of
Q65: In the context of managing change, _
Q66: At which stage of organizational decline does
Q68: When companies don't anticipate, recognize, neutralize, or
Q69: Touchstone Hardware was a popular company that
Q70: Which of the following statements about resistance
Q71: In the _ stage of organizational decline,
Q72: According to social psychologist Kurt Lewin, _
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents