Gaining Leadership from Top Management and Gradual Support Over Time

question 41

Multiple Choice

Gaining leadership from top management and gradual support over time from managers and supervisors occurs in which activity of leading change?

• A) Establishing a sense of urgency.
• B) Creating a guiding coalition.
• C) Communicating the change vision.
• D) Empowering broad-based action.
• E) Generating short-term wins.

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Definitions:

Price Leader

A company that has the dominant influence in setting the price levels for goods or services in a particular market, often because of its significant share of the market.

Entry of Firms

This term refers to the process by which new businesses enter into an industry, contributing to competition and potentially influencing market dynamics.

Price Leadership

A pricing strategy where one dominant firm in an industry sets the price for products or services, and other firms in the market follow suit.

Average Total Cost

The total cost of production divided by the number of units produced, reflecting the cost per unit.