Due to the Retirements of the KLH Consulting Company's Founder-Managers

question 2

Essay

Due to the retirements of the KLH consulting company's founder-managers, Bri, a long-time employee has recently been promoted to CEO. KLH is an IT consultancy that specializes in installing and servicing computerized network systems for small-to-medium size businesses, but KLH has recently experienced declining sales, missed deadlines, increasing costs, and the departures of many fellow long-term employees. What steps could Bri take to change a culture that is out of step with the company's strategy?

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Definitions:

Exchange Rates

The value of one currency for the purpose of conversion to another, affecting international trade and economic relations.

Demonetization

The act of stripping a currency unit of its status as legal tender, usually to replace it with new notes or coins.

Political Instability

A situation where a country experiences changes in its political environment that can affect its government's ability to govern effectively.

Depreciation

A decrease in the value of one currency relative to another currency.