In the context of organizational decline, which of the following is true of the crisis stage?
A) Key managers fail to recognize the internal or external changes that will harm their organizations.
B) Management recognizes the need to change but still takes no action.
C) Companies lack the resources to fully change how they run their businesses.
D) Management announces belt-tightening plans designed to cut costs and restore profits.

Question

Quizplus · Accepted Answer

In the crisis stage of organizational decline, companies often lack the resources to fully change how they run their businesses, making it difficult to implement necessary changes.

In the Context of Organizational Decline, Which of the Following