According to John Kotter's Analysis of the Errors Managers Make

question 10

Multiple Choice

According to John Kotter's analysis of the errors managers make when leading change, the first and potentially most serious of these errors is:

• A) not establishing a great enough sense of urgency
• B) declaring victory too soon
• C) not anchoring changes in the corporation's culture
• D) not removing obstacles to the new vision
• E) a poorly designed organizational mission

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Definitions:

Inflation

A widespread inflation of prices leading to a diminished ability to purchase with money.

Short-run Phillips Curve

A graphical representation showing an inverse relationship between the rate of inflation and the rate of unemployment in an economy over the short term.

Inflation

The rate at which the wholesale price levels for goods and services ascend, diminishing economic purchasing strength.

Unemployment

The situation when individuals who are capable of working and willing to work are unable to find employment.