Zander Company is holding its annual company meeting. During the question-and-answer session, one of the employees asks the CEO about the poor financial figures that were reported for the year. The CEO has seen some negative indicators within the company but explains that the numbers are very misleading. He states that early projections on their new product line are favorable and should make the next year a profitable one. Which stage of organizational decline does this best represent?
A) grasping for salvation
B) division of labor
C) hubris born of success
D) irrelevant stories and heroes
E) denial of risk and peril
Correct Answer:
Verified
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