Examlex
Which of the following is one possible explanation for the change in the natural rate of unemployment in Australia during the 1990s?
Transformational Change
Refers to the comprehensive and radical shifts that affect an organization's structure, culture, and operations, aiming for improvements in effectiveness and efficiency.
Reactive Change
Adjustments or transformations that occur in response to external pressures, rather than from proactive planning.
Incremental Change
A gradual, step-by-step approach to modifying processes, products, or services, often as part of a strategy to manage risk or introduce innovation.
Transformational Change
A profound or radical shift that fundamentally alters the nature or direction of an entity.
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