According to MANAGER'S SHOPTALK in Chapter 11, the Eight-Step Plan

question 49

Multiple Choice

According to MANAGER'S SHOPTALK in Chapter 11, the eight-step plan for implementing change in an organization includes all of the following EXCEPT:

• A) establish a sense of urgency
• B) form a powerful coalition of managers
• C) communicate the vision
• D) empower others to act on the vision
• E) all of these are steps in the plan

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Definitions:

Wage Rates

The standard amount of compensation individuals receive in exchange for their labor or services, measured per hour or unit of work.

Strictly by Wage Differentials

Determination of employment patterns solely based on variations in wage rates across different sectors or regions.

Currency

Currency is the system of money in general use in a particular country, facilitating the buying and selling of goods and services.

Remittances

Money sent by immigrants back to their home country, often to family members, contributing significantly to the economy of the receiving country.