When a Company Attempts to Change Its Culture,what Must Take

question 69

Multiple Choice

When a company attempts to change its culture,what must take place to give the new culture solid shape within the firm?

• A) The firm must set up new systems for appraising and compensating employees who enforce the new values.
• B) A highly responsive strategy must be determined.
• C) There must be a period devoted to conflict and resistance.
• D) There must be renewed focus on the activities of the competitors and customers.
• E) There must be a thorough SWOT analysis to determine if the change is necessary.

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Definitions:

U.S. Interest Rates

The rate at which borrowers are charged for borrowing money or the rate earned by investors when lending money, set by central and commercial banks in the United States.

Depository Institutions Deregulation and Monetary Control Act

A 1980 United States federal law that deregulated banks and other depository institutions to help improve the Federal Reserve's control over monetary policy.

Fed's Legal Reserve Requirements

The minimum reserves each bank must hold to customer deposits and notes, as mandated by the Federal Reserve.

Reserve Requirement

The amount of funds that a bank must hold in reserve against deposits made by its customers, a regulatory measure to ensure banks can meet withdrawal demands.