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Outline the Different Management Approaches or Competencies Which Managers Could

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Essay

Outline the different management approaches or competencies which managers could use to reduce resistance in the process of introducing organisational change programs.Provide real-world examples of how each approach or competency could be implemented.


Definitions:

Net Present Value (NPV)

The gap between the present value of incoming cash and the present value of outgoing cash during a given period, used in assessing the profitability of an investment.

Internal Rate of Return (IRR)

A financial metric used to estimate the profitability of potential investments, calculating the rate of return at which the net present value of costs equals the net present value of benefits.

Corporate Finance

The area of finance dealing with the sources of funding and the capital structure of corporations, as well as the actions managers take to increase the value of the firm.

Long-term Investments

Assets that a company intends to hold for more than a year, such as stocks, bonds, real estate, and other financial instruments.

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