Quantum Change Occurs When an Organisation Drastically Alters Its Strategic

question 1

True/False

Quantum change occurs when an organisation drastically alters its strategic direction and develops its capacity to solve problems and achieve high performance.

---

Definitions:

Globalization

The process by which businesses, cultures, and national borders become more interconnected and interdependent, often through increased trade and communication.

Financialization

The growing dominance of financial markets, financial motives, financial institutions, and financial elites in the economy, shaping social and economic policies.

Free-Market Public Policies

Policies that advocate for minimal governmental intervention in the economy, emphasizing the role of market forces in allocating resources.

Corporate Codes

Voluntary guidelines or principles adopted by corporations to govern their conduct in areas such as labor practices, ethics, and environmental performance.