One of the Major Causes of Business Failure Is

question 9

Multiple Choice

One of the major causes of business failure is

• A)unbalanced experience
• B)lack of family support
• C)wide ranging interests
• D)strong imagination

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Definitions:

Organizational Retreat

A planned event where members of an organization meet in a different setting from their usual environment to discuss strategic objectives, build team cohesion, or undergo training.

Leader-Member Exchange

A theory describing the dyadic relationship between leaders and their followers, focusing on the bilateral social exchange process.

Founder Syndrome

A situation in which an organization's founder maintains disproportionate power and influence, often impeding decision-making, succession planning, and organizational growth.

Organizational Change

The processes through which an organization undergoes transformation in its structure, strategies, operational methods, or culture, to adapt to changes in its environment or to improve its effectiveness.