Which of the Following Is the Last Step in Kotter's

question 87

Multiple Choice

Which of the following is the last step in Kotter's eight-step plan for implementing change?

• A) Form a coalition with enough power to lead the change.
• B) Establish a sense of urgency by creating a compelling reason for why change is needed.
• C) Communicate the vision throughout the organization.
• D) Reinforce the changes by demonstrating the relationship between new behaviors and organizational success.
• E) Consolidate improvements, reassess changes, and make necessary adjustments in the new programs.

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Definitions:

Nash Equilibrium

A concept in game theory where no player can gain by unilaterally changing their strategy if the strategies of the others remain unchanged.

Maximum Profit

The highest level of profit that can be generated from operations under given conditions and constraints.

Pricing High

Setting the price of a product or service significantly above the cost of production or acquisition to achieve higher margins.

Best Response

In game theory, it is the strategy that will give a player the highest payoff, given the strategies chosen by other players in the game.