Using the Strategy-Culture Matrix,when an Organization Needs to Make Strategic

question 3

Multiple Choice

Using the strategy-culture matrix,when an organization needs to make strategic changes but the changes are potentially incompatible with the culture,an approach to change is to _____.

• A)alter the power structure to promote key people
• B)reinforce the existing culture
• C)provide support to the current key managers
• D)alter only the technical system and leave the political and cultural systems alone
• E)all of the above

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Definitions:

Initial Endowment

The initial set of assets, financial resources, or goods that an individual, institution, or economy possesses.

Utility Function

A mathematical representation that describes how consumers rank different bundles of goods according to the levels of satisfaction or utility those bundles provide.

Edgeworth Box

A diagram used in economics to show the distribution of resources and to find the optimal allocation for two individuals.

Contract Curve

In economics, it refers to the locus of optimal points of allocation of resources between two parties under the constraints of their respective utility functions.