Asked by Aspen Arellano on May 12, 2024
Verified
Which condition is NOT likely to limit a chief executive's discretion to make major changes in the strategy of an organization?
A) The organization has a few major clients who account for most sales.
B) The organization has ample financial reserves.
C) The culture of the organization is strong.
D) The organization has a strong board of directors.
Chief Executive's Discretion
The extent to which a chief executive can make independent decisions without needing approval from others, often within the scope of their authority and responsibility.
Financial Reserves
involve funds or assets set aside by an organization or individual to cover future expenses, emergencies, or unforeseeable losses.
Organizational Strategy
A comprehensive plan outlining how an organization will achieve its goals and fulfill its mission over a period of time.
- Recognize the effect of changes in leadership on organizational transformation and effectiveness.
Verified Answer
Learning Objectives
- Recognize the effect of changes in leadership on organizational transformation and effectiveness.
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