Lark's company has been operating for several years, contracting with the government to create solar arrays. In a recent election, the administration changed and several contracts for solar arrays were canceled. Lark has been meeting with his staff to figure out how to adapt to the lack of funds and keep the business going. This is an example of ______.Multiple choice question.punctuated equilibriumproactive forecastinggroupthinkproductive processing
Question
Lark's company has been operating for several years, contracting with the government to create solar arrays. In a recent election, the administration changed and several contracts for solar arrays were canceled. Lark has been meeting with his staff to figure out how to adapt to the lack of funds and keep the business going. This is an example of ______.Multiple choice question.punctuated equilibriumproactive forecastinggroupthinkproductive processing
Solution
This is an example of punctuated equilibrium. This term refers to a situation where a company operates in a stable environment for a long period, but then experiences a sudden shift due to an unexpected event, such as a change in government policy. In this case, Lark's company was operating smoothly with government contracts for solar arrays, but the change in administration and the cancellation of several contracts created a sudden shift, forcing the company to adapt to new circumstances.
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