The Highest Priority and First Strategy Required for Any Organizational

question 92

Multiple Choice

The highest priority and first strategy required for any organizational change is to:

• A)fire several senior executives in the organization.
• B)introduce stress management counselling.
• C)train employees who do not possess the skills required under the new conditions.
• D)communicate the need for change and keep employees informed about what they can expect from the change effort.
• E)negotiate a new set of relations among those who will clearly lose out from the changE.

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Definitions:

Arms Race

A competition between two or more parties to have the best armed forces and military technology, often leading to increased military spending and stockpiling of weapons.

Property Rights

Legal rights to possess, use, and dispose of assets including real property (land and buildings) and intellectual property.

Sustainable Rate

The level of output or activity that can be maintained over the long term without depleting resources or causing environmental or economic damage.

ITQs

Individual Transferable Quotas, a system in environmental policy to regulate typically renewable resources by allocating rights, which can be traded, to entities for harvesting these resources.