One of the Reasons That IBM Almost Failed and Went

question 25

True/False

One of the reasons that IBM almost failed and went bankrupt in the 1990's was due to its outdated corporate culture of consensus-based decision making which while effective in the 1970's, did not allow it to be competitive in the rapid decision making and entrepreneurial risk taking culture of the 1990s,

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Definitions:

Breach Of Condition

Violation of a fundamental term or condition in a contract that results in the agreement being compromised or voided.

Finished Agreement

A fully negotiated contract that has been signed by all parties involved, indicating their mutual consent to its terms and conditions.

Reasonably Foreseen

The ability to predict or anticipate an event or outcome based on available information, often relating to legal liability for certain actions.

Breach Of Warranty

The violation of a promise or guarantee about the condition, functionality, or performance of a product or service.