How Can Managers Increase the Likelihood of Making Change Happen

question 97

Multiple Choice

How can managers increase the likelihood of making change happen successfully?

• A) They should realize that they are just change agents, not change leaders.
• B) They should discourage entrepreneurial mindsets.
• C) They should give individual employees a role in the change process.
• D) They should adapt the changes made by their competitors.

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Definitions:

Base Year

A specific year against which economic growth is measured, serving as a standard comparison for other years in index numbers and price comparisons.

Real GDP

The measure of a country's economic output adjusted for price changes, such as inflation or deflation, giving a more accurate depiction of an economy's size.

GDP

The total value of goods and services produced over a specific period in a country, known as Gross Domestic Product, reflects its economic productivity.

GDP Deflator

An index that measures the level of prices of all new, domestically produced, final goods and services in an economy.