Describe the Eight Steps of Kotter's Model for Leading Organizational

question 16

Essay

Describe the eight steps of Kotter's model for leading organizational change.
John Kotter,an expert in leadership and change management,believes that organizational change most often fails not because of inadequate planning but because of ineffective implementation.To help overcome this,he proposed an eight-step process for leading change

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Definitions:

Lag The Market

A compensation strategy where an organization deliberately sets wage levels below the average market rate, often due to financial constraints or strategic choice.

Compensation Strategy

A plan established by an organization to determine how to reward employees effectively, taking into account salaries, benefits, bonuses, and other forms of compensation.

Turnover Costs

Expenses related to replacing employees who leave the organization, including recruitment, training, and lost productivity.

Recruitment Costs

Expenses incurred by an organization in the process of finding and hiring new employees, including advertising, interviewing, and training expenses.