GM Leaders' Efforts to Build a Collaborative Relationship Met with Resistance

question 11

Multiple Choice

GM leaders' efforts to build a collaborative relationship met with resistance from UAW leaders until bankruptcy forced them to work together. This example shows that leaders must:

• A) make changes stick.
• B) establish a sense of urgency.
• C) empower employees to act on the vision.
• D) communicate the vision and strategy.

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Definitions:

Offer Stock

The process by which a corporation issues new shares of stock to potential buyers, typically to raise capital.

Incorporator

An individual or entity that is responsible for the creation and filing of a company's founding documents with the relevant state agency.

Incorporation

The process of legally declaring a corporate entity as separate from its owners, providing it with legal rights and obligations.

Nonprofit Corporation

A corporation that operates for educational, charitable, social, religious, civic, or humanitarian purposes rather than to earn a profit.