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I'm not clearly these three questions. Please help me. (The scenario given below is the exact same as what is in another quiz question but
I'm not clearly these three questions. Please help me.
(The scenario given below is the exact same as what is in another quiz question but asks a different question) On June 14, 2011, the American department store chain J.C. Penney announced that Ron Johnson, head of Apple's wildly successful retail stores, would become Penney's new CEO. Johnson had been brought in to turn around the ailing retailer, which saw its sales steadily erode from their peak in 2006. Johnson quickly pursued dramatic changes. First, Johnson would eliminate Penney's obsession with sales promotions and price disounts. Second, Johnson would transform Penney's from a crowded and cluttered department store selling many of its own labels organized by product category, to a collection of 100 boutiques spaciously organized by brand. These changes represented a dramatic departure from what Penney's customers expect from the century-old retailer. The results of these dramatic changes became clear in February 2013 when Penney's announced its 2012 results. They were awful. Assume that this is February 2013, and you (as a board member) must decide the next course of action. Which of the following would be best to do as a critical thinker? Compare J.C. Penny's financial results to those of its competitors for the same period. Fire Johnson. Force Johnson to reverse the changes that he made. Encourage Johnson to continue with his strategy ignoring the poor financial performance. I. Critical thinking is based on facts, evidence, and information. One does not have to evaluate facts, evidence, and information. II. Evaluating facts, evidence, and information should be done at the information-gathering stage only; once you form a solution, you do not need to waste time evaluating the solution. III. Given that businesses operate in a VUCA environment, some business solutions may have to be continuously evaluated when there is new information. I only. I and III. III only. I,II and III. Sometimes, when managers in large organizations are faced with strategic problems, their focus quickly narrows to proposing solutions. They jump into action without having thought more critically about the situation. We replicated this during our Lost At Sea exercise. Which of the following is/are accurate about this practice? I. Finding quick solutions means high efficiency and this is a good approach to solve strategic problems. II. This may lead to suggesting solutions without understanding the problem from multiple angles. III. Quick solutions are likely to be influenced by preconceived beliefs and biases. IV. Attempting to find quick solutions will lead to outside-the-box thinking, and therefore innovative solutions. II, III, and IV. I and III. II and III. All four are accurate Step by Step Solution
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