According to John Kotter, When Managers Want to Create a Cross-Functional

question 2

Multiple Choice

According to John Kotter, when managers want to create a cross-functional, cross-level group of people with enough power to lead the change, they should:

• A)communicate the change vision.
• B)create a guiding coalition.
• C)develop a vision and strategy.
• D)generate short-term wins.
• E)establish a sense of urgency.

Evaluate the effects of unemployment insurance on the labor market.

Analyze the impact of the internet on frictional unemployment.

Define and differentiate between frictional, structural, and cyclical unemployment.

Assess the role of sectoral shifts in creating temporary unemployment.

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Definitions:

Shareholder Value

The financial worth that a company delivers to its shareholders, often measured by stock price appreciation and dividend payouts.

Firms Fail

The situation where businesses are unable to continue operations due to financial problems, market competition, or poor management.

Due Diligence

The comprehensive appraisal of a business or individual prior to signing a contract, or an act with a certain standard of care.

Culture Management

The practice of developing and nurturing a specific set of behaviors, values, and practices within an organization.