According to Kotter, Leaders Planning to Implement Organizational Change Should

question 8

Multiple Choice

According to Kotter, leaders planning to implement organizational change should first ______.

• A) generate short-term wins
• B) create a guiding coalition
• C) establish a sense of urgency
• D) communicate the change vision

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Definitions:

Increased Demand

Refers to a situation where there's a higher desire or need for a particular product or service, often leading to higher prices if supply does not match the surge.

Price Ceiling

A legally established maximum price that can be charged for a good or service.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to buy at a specific price.

Market Equilibrium

A situation in a market where the quantity of a product demanded by consumers equals the quantity supplied by producers.