Exam 17: Leading Rapid Growth, crises, and Recovery

List four dimensions of organizational climate.

Studies have shown that as long as proper systems are in place,organizational culture is not a major factor in how well a particular firm will deal with growth.

Bankruptcy is a tremendous source of ________ power for a troubled company.

In periods of fast growth,strategy and planning become the drivers of success.

Which bankruptcy filing gives a firm immediate protection from creditors?

The best route to quick cash is ________.

List four key elements of effective entrepreneurial leadership.

What three areas does a turnaround specialist examine?

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

________ is the most liquid noncash asset.

Except for the owners,which group had the lowest claim in a bankruptcy situation?

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

Which of the following is a primary cause of trouble in a company?

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?

Identify three external forces that can cause a company to get into trouble.

In rapid growth situations where cash burn rates are racing ahead of collections,what measures need to be in place to avoid chaos and possible collapse?

The prospect of bankruptcy can provide a foundation for bargaining with creditors in a turnaround situation.

Net Liquid Balance can be thought of as the "uncommitted cash," a firm has available to meet _________.

With regard to selling inventory to raise quick cash,the sale of raw materials inventory to competitors is generally considered the best route.

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