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Table 16.3
As an organizational development consultant, you are discussing the various OD techniques the CEO could choose from in bringing about change in her company. You suggest that she begin the process with a quick, inexpensive data gathering from the employees. She likes the idea, especially since the technique you recommend allows them to also receive information. Once you have the data, you suggest she go for a program that helps her managers work together more effectively. You suggest that small groups of managers meet on a regular basis to identify and discuss problems in the workplace. The CEO says this all sounds good, but wants to know how to improve organizational and individual goal setting and accomplishment. She wants a way to plan and implement strategic change for the organization, not get lost in a number of individual programs. You conclude the meeting by talking about employee job satisfaction and asking what her thoughts are on it. She says that it is relatively high, and while important, it can wait to be addressed until these other issues are dealt with.
-Refer to Table 16.3. Your initial recommendation is for:
Depreciation Expense
Represents the systematic reduction in the recorded cost of a fixed asset over its useful life.
Functional Currency
The main form of money used in the chief economic setting where an organization functions, usually utilized in its financial statements.
Exchange Rates
The cost of converting one currency into another.
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