Which of the Following Is the First Step in the Kotter's

question 86

Multiple Choice

Which of the following is the first step in the Kotter's eight-step plan for implementing change?

• A) Create a new vision to direct the change and strategies for achieving the vision.
• B) Establish a sense of urgency by creating a compelling reason for why change is needed.
• C) Plan for, create, and reward short-term "wins" that move the organization toward the new vision.
• D) Form a coalition with enough power to lead the change.
• E) Communicate the vision throughout the organization.

---

Definitions:

Opportunity Cost

Represents the value of the next best alternative forgone when a decision is made to choose one option over others.

Factors Of Production

Factors of production are the inputs needed for the creation of a good or service, including land, labor, capital, and entrepreneurship.

Unemployment Of Resources

Unemployment Of Resources refers to a situation where factors of production, such as labor and capital, are not being used in the production process.

Production Possibilities Curve

A graphical representation of the maximum quantities of two goods or services that an economy can produce when utilizing its resources fully and efficiently.