Research Has Found That Long-Term Financial Performance Is Highest for Organizations

question 160

True/False

Research has found that long-term financial performance is highest for organizations with an adaptive culture receptive to change and innovation.

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Definitions:

High Power Distance

A societal characteristic indicating how much individuals at lower levels of power within organizations and institutions recognize and anticipate that power will be allocated unevenly.

Legitimate Power

Is the authority that an individual or leader possesses due to their position or role within an organization, which is recognized and accepted by others.

High Power Distance

A cultural dimension describing societies where there is a significant gap between those in power and the less powerful individuals, often resulting in less questioning of authority.

Legitimate Power

The authority or power that is formally granted to a position or individual within an organizational hierarchy, allowing them to influence others.