The Change Management Model Presented in the Text Suggests That

question 93

Short Answer

The change management model presented in the text suggests that the business vision created in the strategic planning phase should be communicated in a compelling _______________ to the people in the organization.

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Definitions:

Comparative Advantage

Comparative advantage is an economic principle that posits a country or entity can produce a good or service at a lower opportunity cost than another, leading to more efficient trade possibilities.

Opportunity Cost

Forgoing the possibility of profit from various alternatives by choosing a specific one.

Production

The method of merging different tangible and intangible inputs (like designs and expertise) to produce an item meant for consumption (known as the output).

Opportunity Cost

The cost of foregone alternatives when one option is chosen over another.