"When Cor Boonstra Took Over as CEO of Philips Electronics

question 11

Short Answer

"When Cor Boonstra took over as CEO of Philips Electronics in 1996 […], one of his first remarks to the business press was that Philips reminded him of 'a plate of spaghetti'…" According to the textbook, this statement refers to the fact that Cor Boonstra thought that Philips Electronics was:
A.Too focused on standardization and not paying attention to coordination
B.Too focused on control and not paying attention to cooperation
C.Too focused on responsiveness and not able to reap all the advantages of synergy
D.Too focused on synergy and not able to reap all the advantages of responsiveness.

---

Definitions:

Crowding Out

A decrease in investment that results from government borrowing.

Accelerator Effects

The phenomenon where an increase in national income leads to a proportionally larger increase in investment spending, magnifying the initial rise in income.

Automatic Stabilizer

Economic policies and programs, such as unemployment insurance and taxation, that automatically adjust to counteract economic fluctuations without the need for government intervention.

Money Market

A section of the financial market where short-term financial assets with high liquidity are traded.