How Can Managers Increase the Likelihood of Making Change Happen

question 63

Multiple Choice

How can managers increase the likelihood of making change happen successfully?

• A)They should realize that they are just change agents not change leaders.
• B)They should discourage entrepreneurial mindsets which disrupt the process.
• C)They should give individual employees a role in the change process.
• D)They should ensure that established work processes are not disturbed.

Acknowledge the significance of inventory management systems, including just-in-time (JIT) systems, in reducing waste and enhancing efficiency.

Understand the strategic decision-making process involved in purchasing, leasing, and negotiating with suppliers.

Understand the purpose and application of a PERT diagram.

Comprehend the functionality and benefits of using Gantt charts for project management.

---

Definitions:

Face Value

The nominal value stated on a financial instrument, such as a bond or stock, representing its worth at issuance or maturity.

Market Value

The current price at which an asset or service can be bought or sold in the open market.

Upward Sloping Yield Curve

A graph showing higher interest rates for longer-term debt compared to shorter-term debt, indicating investor anticipations of rising interest rates in the future.

Normal Curve

The normal curve, or normal distribution, is a bell-shaped curve that shows the probability distribution of a continuous random variable, where most occurrences take place near the mean.