Discuss the Philosophy of Change Management and What It Involves

question 14

Essay

Discuss the philosophy of Change Management and what it involves.What is the role of Six Sigma and lean principles in Change Management?

---

Definitions:

Nominal GDP

The total economic value of all finished products and services generated inside a country over a year, evaluated at present market prices.

Real GDP

Gross Domestic Product adjusted for inflation, measuring the value of goods and services produced by a country in a given year, expressed in constant prices.

Total Spending

The aggregate amount of money expended by individuals, businesses, and governments on goods and services within a certain period.

Output of Goods

The total amount of products, including goods and services, produced by a company or country within a specified period.