The Single Most Visible Factor That Distinguishes Successful Culture-Change Efforts

question 27

Multiple Choice

The single most visible factor that distinguishes successful culture-change efforts from failed attempts is

• A)forceful management actions to empower employees to adopt new operating practices.
• B)competent leadership at the top.
• C)de-layering the management hierarchy.
• D)developing a new value statement that inspires company personnel to put forth their best efforts to achieve performance targets.
• E)convincing employees that top management is genuinely committed to high ethical standards and the exercise of corporate social responsibility.

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Definitions:

Outstanding Stock

The total shares of a corporation that are currently owned by all its shareholders, including shares held by institutional investors and restricted blocks held by insiders and company officers.

Vertical Acquisition

The purchase of a company that operates within the same industry but at a different level of the supply chain.

Horizontal Acquisition

The process of a company acquiring another company in the same industry to increase its market share.