Kotter Suggests More Than 70% of Major Change Initiatives in Organizations

question 2

Essay

Kotter suggests more than 70% of major change initiatives in organizations fail for which reason?

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Definitions:

Year-End Balance Sheet

A financial statement that displays a company's assets, liabilities, and stockholders' equity as of the last day of the financial year.

Data

Information that is collected, stored, analyzed, and interpreted to support decision-making processes.

Trend Percentages

Analysis method used in financial and operational analysis to observe the direction and pace of changes in related data points over time.

Year 1

The first year in a given time series, often used as a reference point for financial analysis or reporting.