There Are Three Key Roles in Any Major Organizational Change

question 43

True/False

There are three key roles in any major organizational change. The three keys are sponsor of the change, the change agents, and the potential adopters.

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Definitions:

Financial Performance

A measure of how well a company can use assets from its primary mode of business and generate revenues. This term reflects the financial health of a business.

Customer Expectations

The standards or benchmarks that customers anticipate when they purchase a product or service, influencing their satisfaction and loyalty.

Competition

The rivalry between companies selling similar products or services with the goal of achieving revenue, profit, and market share growth.

Competitive Position

A company's standing or ranking in relation to its competitors in terms of market share, profitability, and brand strength.