Environmental change requires organizational stability , if the company is to be a success.
Identify the stage of organizational decline for each example in the following.
Examples:
1. An automobile dealership that has always had success with homemade advertisements finds it difficult to switch to a professional advertising agency, despite the fact that consumers are becoming more sophisticated.
A. Dissolution
B. Inaction
C. Crisis
2. A barcode scanning device manufacturer tried several times to update its products, but each of the attempts failed, leaving the company weaker and weaker in the process. Now, unless something remarkable happens, the company is facing bankruptcy.
A. Dissolution
B. Inaction
C. Crisis
3. A financial services firm decides to downsize in order to save money rather than understanding the need to create new products for a changing demographic.
A. Binded
B. Faulty
C. Inaction