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What Is the Definition of the Output Gap

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What is the definition of the output gap?


Definitions:

Organizational Systems

pertain to the structured and coordinated set of procedures, processes, and routines that an organization establishes to achieve its goals.

Refreezing

The final stage in the change process where new behaviors are solidified into the culture and practices of an organization.

Urgency To Change

The perceived immediate need within an organization to adapt or modify its operations or strategy.

Change Agent

An individual or entity that acts as a catalyst for change, facilitating, enabling, and often driving the change process within organizations or communities.

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