Touchstone Hardware Was a Popular Company That Specialized in Making

Touchstone Hardware was a popular company that specialized in making floppy disks. At the start of the 21st century, when people began switching to CDs and DVDs to store their information, it was brought to the notice of senior managers that the company needed to switch its focus to the new storage devices. However, managers did not feel it was important to switch. They dismissed CDs and DVDs as just a passing phase. At this point, which stage of organizational decline is the company in?

A) Dissolution stage
B) Crisis stage
C) Proactive stage
D) Faulty action stage
E) Blinded stage

Correct Answer:

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