What Is the First Step Involved in the Organizational Change

question 61

Multiple Choice

What is the first step involved in the organizational change process?

• A)Decide on the change to make
• B)Assess the need for change
• C)Introduce and manage the change
• D)Use benchmarking to compare performance
• E)Overcome obstacles,and evaluate the effectiveness of the change

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Definitions:

Net Capital

The difference between a company's or country's total assets and its total liabilities, indicating the net value of its capital resources.

Loanable Funds

The market where savers supply funds for loans to borrowers, influenced by the interest rate.

Tax Rebate

A financial refund provided by the government to taxpayers, typically to stimulate the economy or encourage certain behaviors.

Open-Economy Macroeconomic Model

A framework for understanding and analyzing the interactions between a country's economy and the rest of the world, including trade and capital flows.