Planned Change Is a Systematic Management Effort to Move an Organization

question 92

True/False

Planned change is a systematic management effort to move an organization, or a subsystem, to a new state. It includes deliberately changing the organization's design, technology, tasks, or people.

Identify the characteristics and strategic implications of international strategies, including market entry modes and global integration efforts.

Comprehend the various functions of the primary value chain and their role in creating value.

Differentiate between strategic approaches such as low-cost leadership and differentiation strategy.

Understand the concept of value creation versus value capture and their impact on a firm's profitability.

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Definitions:

Franchise

A business model that allows individuals or entities to operate a business using the branding and operational model of an established company.

Sole Proprietorship

A type of business entity owned and operated by one individual, with no legal distinction between the owner and the business.

Organizational Flexibility

The ability of a company or organization to adapt quickly to changes in its environment, including market trends, technologies, and internal dynamics.

Limited Liability

A legal structure where an individual's financial risk is limited to a fixed amount, typically the value of their investment in a company.