Which One of the Following Is a Substantive Culture-Changing Action

question 9

Multiple Choice

Which one of the following is a substantive culture-changing action that a company's managers can undertake to alter a problem culture?

• A)Identifying aspects of the present culture that pose problems
• B)Revising policies and procedures in ways that will help drive cultural change and replacing senior executives who may be stonewalling needed organizational and cultural changes
• C)Empowering employees to adopt whatever new work practices they believe will be an improvement
• D)Making a concerted effort to turn the company's core competencies into distinctive competencies
• E)Shifting from decentralized to centralized decision making so as to give senior executives more authority and control in driving cultural change

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Definitions:

Option

A contract that gives its owner the right to buy or sell some asset at a fixed price on or before a given date.

European Option

Option that can be exercised only on the expiration date.

Expiration Date

The last day on which an option can be exercised.

Underlying Asset

The financial instrument (e.g., stock, bond, commodity) upon which a derivative's price is based.