What Is the Concept of Punctuated Equilibrium Applied to Organizational

question 28

Essay

What is the concept of punctuated equilibrium applied to organizational change? The concept of punctuated equilibrium proposed by Connie Gersick is that the groups remain fairly static,maintaining a certain equilibrium for long periods of time.Change during these periods is incremental.Groups can repeatedly cycle through the storming and performing stages,with revolutionary change taking place during short transitional windows.Medium;Knowledge

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Definitions:

Adjusted Trial Balance

An enumeration of every account and its balance following adjustment entries, employed in the development of financial reports.

Retained Earnings

The amount of net earnings not paid out as dividends but retained by the company to be reinvested in its core business or to pay debt.

Closing Entries

At the conclusion of an accounting period, entries recorded to shift balances from temporary to permanent accounts, effectively zeroing out the temporary accounts for the upcoming period.

Post-Closing Trial Balance

A list of all accounts and their balances after closing entries are made, showing that debits equal credits.