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The Stinky Cheese Company Has Determined That in Order to Remain

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Essay

The Stinky Cheese Company has determined that in order to remain competitive they need to make some changes to the organization's culture and become more innovative and entrepreneurial.However, they are concerned that such a change might be difficult for employees who might not want to change.What three factors should the company focus on if they want to achieve a successful change? Give an example of each factor.


Definitions:

Capital Suppliers

Entities or individuals that provide funds or resources for businesses to invest in production, expansion, or development activities.

Payments

Transactions or transfers of money in exchange for goods or services, or to fulfill a legal obligation.

Central Planning

A system where the government makes all decisions about the production and allocation of goods and services.

Invisible Hand

A term coined by Adam Smith to describe the self-regulating nature of the marketplace, where individual self-interests unintentionally contribute to the economic well-being of society.

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