One Mechanism to Replace Poor Management Is

question 10

Multiple Choice

One mechanism to replace poor management is:

• A) fire the low level workers who are most of the time indolent.
• B) fire the union bosses who create an environment of mistrust.
• C) tender offers and mergers.
• D) pay more to the senior management since they deserve it.

Identify the main reasons for failure in implementing top-down change and the importance of lower-level involvement.

Recognize the implications and limitations of bottom-up change in organizational innovation and adaptation.

Differentiate between the various strategies for implementing change, including force-coercion, rational persuasion, and shared power.

Evaluate the impact of internal and external forces on organizational change, including technological developments, economic conditions, social forces, and internal structural needs.

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Definitions:

Purely Competitive Producer

A firm operating in a market where there are many buyers and sellers dealing in homogeneous products, with no single entity having significant market control.

Economic Profit

The difference between total revenue and total costs, including both explicit and implicit costs, representing the financial gain in excess of opportunity costs.

Brand Name

The name given to a product or service by its company to distinguish it from competitors' offerings, often protected as a trademark.

Total Market

The entire demand for a product or service within a particular industry, including all potential customers.