The Traditional Approach to Organisation Development (OD)

question 11

Multiple Choice

The traditional approach to organisation development (OD) :

• A)focuses on interventions that have been successful in the past
• B)champions professional certification of practitioners
• C)views the major objective of OD to promulgate long-established values
• D)ensures that organisational processes remain commercial-in-confidence
• E)all of the above

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Definitions:

Economic Value

The worth of a good or service determined by the benefit it provides to the buyer relative to its cost.

High Salaries

Compensation levels significantly above the average or median for similar roles or industries, often reflecting a high demand for specialized skills or experience.

Price Discrimination

The practice of charging different prices to different consumers for the same product or service, based on factors like willingness to pay, market segmentation, or geographical location.

Elastic Demand

a demand scenario where the quantity demanded of a good or service significantly changes in response to a change in its price.