The Most Drastic Renewal Strategy an Organisation Can Carry Out

question 62

True/False

The most drastic renewal strategy an organisation can carry out is a retrenchment strategy.

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Definitions:

Hot Stove Rule

A principle in management and discipline that suggests consequences should be immediate, consistent, impersonal, and close to the action of misconduct, akin to touching a hot stove.

Progressive Discipline

The process of tying reprimands to the severity and frequency of misbehaviour.

Incremental Discipline

A method where disciplinary actions progressively increase with each recurrence of undesirable behavior.