The Task of Top Executives When the Company Faces Disruptive

question 40

Multiple Choice

The task of top executives when the company faces disruptive changes in its environment is to not only raise questions about the appropriateness of its direction and strategy, but also to

• A)know when to continue with the present corporate culture and when to shift to a different and better corporate culture.
• B)figure out the causes and decide when adjustments are needed and what adjustments are needed for improved performance and operating excellence.
• C)figure out whether to arrive at decisions quickly or slowly in choosing among the various alternative adjustments.
• D)decide whether to try to fix the problems of poor strategy execution or simply shift to a strategy that is easier to execute correctly.
• E)decide how to identify the problems that need fixing.

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Definitions:

Collateral

Assets pledged by a borrower to secure a loan or credit, which can be seized by the lender if the borrower fails to repay according to the agreed terms.

Enforceable Security Interest

A legal claim or lien on collateral that secures the fulfillment of a debt or obligation, which can be enforced in court.

Escrow

A financial arrangement where a third-party holds and regulates payment of the funds required for two parties involved in a given transaction, ensuring fair and secure dealing.

Collateral

An asset offered as security for a loan, which can be seized by the lender if the borrower defaults on the loan payments.