The Most Drastic Renewal Strategy an Organization Can Carry Out

question 64

True/False

The most drastic renewal strategy an organization can carry out is a retrenchment strategy.

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Definitions:

Individualism-Collectivism

A cultural dimension that describes the degree to which people in a society are integrated into groups or prefer to act as independent individuals.

Masculinity-Femininity

A cultural dimension that reflects the distribution of roles between the genders in a society.

Long-Term Orientation

A cultural dimension emphasizing the importance of future rewards, perseverance, and savings, as opposed to immediate gratification.

Long-Term Orientation

A cultural dimension indicating the degree to which a society values long-term commitments and respects traditions while adapting to change gradually.