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Question
Additional Case 1.4Crowe, Inc. has been a powerful steel producer for the last 15 years and predicts a profitable future. Crowe has a very secure position within the steel industry and does not plan to expand into different industries. Top managers exercise significant control over the firm. Crowe strives to develop new products and technologies. The company offers employees long-term career development and grooms employees for promotions through a highly structured HR system. In the past, the company's atmosphere has been very congenial and cohesive at all levels of the organization.
Recently, there has been a noticeable shift in employee attitudes. Lower-level employees have expressed discontent about schedules, compensation, and training opportunities. Several employees have been fired, and many others have threatened to quit.
Refer to Additional Case 1.4. The corporate strategy that Crowe would most likely espouse is a(n):
A) evolutionary business strategy.
B) decentralizing strategy.
C) cost-cutting strategy.
D) steady state strategy.
Answer
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