After the Change Is Implemented, the Long-Term Success of a Change

question 6

True/False

After the change is implemented, the long-term success of a change effort depends on the extent to which the change becomes part of the company's strategy.

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Definitions:

Majority Shareholders

Individuals or entities that own more than 50% of a company's shares, giving them significant control over company decisions.

Voluntary Dissolution

It refers to the process by which a corporation's stakeholders decide to formally and legally end the corporation's existence.

Directors

Shareholders select individuals to monitor the management and decide on key issues for a corporation.

Shareholders

Individuals or entities that own share(s) in a corporation, granting them certain rights like receiving dividends and voting at shareholders' meetings.