The Stability Strategy Is Appropriate for All of the Following

question 46

Multiple Choice

The stability strategy is appropriate for all of the following circumstances EXCEPT

• A) useful in the short-run but can be dangerous if followed too long.
• B) most appropriate for reasonably successful corporations in a reasonably predictable environment.
• C) when a firm is continuing its current activities without a significant change in direction.
• D) appropriate when the industry is in decline.
• E) popular with small business owners who have found a niche and are happy with their success.

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Definitions:

Manager's Insecurity

Feelings of doubt or lack of confidence experienced by a manager, potentially affecting decision-making, leadership style, and interaction with subordinates.

Primary Responsibility

The main duty or obligation that an individual or organization is expected to perform or fulfill.

Participative Procedure

A method or process that involves the input and active participation of all stakeholders or members in decision-making or problem-solving.

Formal Procedure

A set of established forms or methods for conducting the affairs of an organization or achieving a specific objective.