Nathan Is the CEO of a Large Business Firm Whose

question 21

Multiple Choice

Nathan is the CEO of a large business firm whose sales are declining rapidly. A superior act of strategic leadership would be for him to:

• A) give the company a new strategic direction.
• B) wait for the business cycle to become favorable again.
• C) persist with the existing strategy with minor changes.
• D) hire an innovative advertising agency to help improve sales.

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Definitions:

Centration

The cognitive tendency in young children to focus on one aspect of a situation while neglecting others, often observed in preoperational stage of Piaget's theory of cognitive development.

Problem Solving

The process of identifying a challenge and finding an effective solution for it.

Cognitive Development

The process by which individuals acquire and evolve their thinking abilities, including perception, logic, memory, and language.

Conservation

The preservation and protection of natural resources, environments, and wildlife.