Which of the Following Is a Strategy for Managing Cultural

question 36

Multiple Choice

Which of the following is a strategy for managing cultural change?

• A) Support employees who remain devoted to the old values.
• B) Redesign socialization processes to align with the new values.
• C) Keep the reward system the same.
• D) Replace written norms with unwritten norms.

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Definitions:

Present Values

The current value of a future sum of money or stream of cash flows, discounted at a specific rate to account for its time value of money.

New Technology

The latest advancements and innovations in methods, tools, or devices that improve efficiency, productivity, or performance in various fields.

Patent Scarcity

Refers to the situation where there is a lack of available patents, often due to high competition or rigorous patenting criteria which can limit innovation.

Natural Scarcity

A situation where resources are limited in availability due to natural conditions, not enough to meet unlimited human wants.