Eisenhardt Suggests That Managers in a Fast- Moving Environment Should

question 29

Multiple Choice

Eisenhardt suggests that managers in a fast- moving environment should aim for consensus but not at any cost. What two points result from that guideline?

• A) The CEO should always base a decision on the majority view, not their own opinion.
• B) Managers who disagree with a decisions would work constructively to change it in future.
• C) Other managers should accept the decision and get on with implementation.
• D) The CEO should have the courage to make a decision at some point.

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Definitions:

Competitive Products

Goods or services offered by different firms that compete in the same market space and aim to satisfy the same consumer needs.

Net Operating Cash Flow

The amount of cash generated by a company’s normal business operations, after accounting for operating expenses and working capital changes.

Capital Cost Allowance

A tax deduction available in many jurisdictions for businesses, representing a yearly allowance for the wear and tear, deterioration, or obsolescence of the property.

Tax Rate

The fraction of earnings upon which the government imposes taxes on a person or corporate entity.