Exam 16: Leading Rapid Growth, Crises, and Recovery

A company focuses on growth without considering profitability.Instead of developing a strategy,the firm takes on low-margin business and adds capacity in an effort to grow.What is the likely result?

Which of the following can be the most disrupting event during a period of explosive growth?

Bankruptcy can provide only for the liquidation of the business;reorganization is not an option.

List the six basic dimensions of organizational climate.

Describe how effective group communication is facilitated in successful entrepreneurial firms.

What was the core theme of Jack Stack's management approach at Springfield Remanufacturing Corporation?

What are the three most commonly found areas for potential cuts and improvements in a troubled company?

What are the external forces that can cause trouble for a company?

Most causes of failure are external and not in control of the company management.

What are the elements of effective entrepreneurial leadership?

What is the primary source of decreasing expenses in a troubled company?

Identify four nonquantitative signals that would indicate the possibility of trouble.

Organizational climate is created both by the expectations people bring to the organization and by the practices and attitudes of the key managers.

One challenge fast-growth firms face is that of an abundance of viable opportunities.

Bankruptcy law defines the priority of creditors' claims when a firm is liquidated.

Which approach to management requires managing and working with peers and subordinates outside the formal chains of command?

Explain how a turnaround plan with its long-term remedial actions can help a troubled company.

Net liquid balance can be thought of as the "uncommitted cash" a firm has available to meet _____.

Founders of high-potential ventures are frequently experienced in launching companies.

Explain how a "big project" can get a company into trouble.