According to the Formula That Makes Up the Change Equation,the

question 10

Multiple Choice

According to the formula that makes up the change equation,the combination of dissatisfaction with the status quo,new model for the organization,and the process for change must be:

• A) equal to the resistance to change and cost of change that employees experience.
• B) greater than the resistance to change and cost of change that employees experience.
• C) greater than the resistance to change and lesser than the cost of change that employees experience.
• D) lesser than the resistance to change and cost of change that employees experience.

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Definitions:

Family Business

A commercial organization in which decision-making is influenced by multiple generations of a family related by blood or marriage who are closely involved with its operations.

Necessity-based Entrepreneurship

Entrepreneurial activities initiated out of a need, often due to lack of employment opportunities, rather than a pure desire to pursue an opportunity.

Family Businesses

Companies owned and managed by one or more family members, often passed down through generations.

Social Entrepreneurship

The practice of identifying, starting, and managing ventures aimed at addressing social, cultural, or environmental issues, using innovative and sustainable solutions.