A Crisis Change Situation Is Often Characterized by

question 29

Multiple Choice

A crisis change situation is often characterized by

• A) significant time pressure and low internal commitment
• B) high internal commitment and low management capability
• C) high management capability and significant pressure
• D) low internal commitment and resistance to change

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Definitions:

Internal Environment

Factors within a company such as culture, employees, policies, and internal relationships, that influence its operations and performance.

Fiscal Year

A twelve-month period used for accounting purposes and preparing financial statements.

Measurable

Capable of being quantified or precisely assessed.

Social Responsibility Pyramid

A framework suggesting that businesses are responsible to their stakeholders in a hierarchical manner, starting from economic, legal, ethical, to philanthropic responsibilities.