Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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How can organizations balance the need for change with the need to maintain stability and continuity?
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- How has the COVID-19 pandemic influenced or transformed organizational structures, and what are the key factors organizations should consider when redesigning their structures in a post-pandemic world?arrow_forwardHow can change management principles and techniques be effectively applied to guide organizations through major transitions, such as mergers, acquisitions, or digital transformations?arrow_forwardChapter 11 discusses the components that create an organizational culture along with the various types of culture. Chapter 12 focuses on innovation and change. After reading both chapters research a company that you have not previously discussed in this class. Provide a background or summary of the organization, then explain its culture. Support your analysis with textbook material and other research. Next, discuss the organization in terms of its innovation and how change has impacted it (both internal and external). Finally, discuss the organizations leadership and how they have impacted the change and the culture of the organization.arrow_forward
- How can organizations effectively align their structure, processes, and roles to optimize productivity, collaboration, and innovation within the rapidly evolving business landscape?arrow_forwardHow can organizations create a culture that values and prioritizes organizational planning as a core business process?arrow_forwardWhat forces of change do you see in your organization?arrow_forward
- Discuss How can organizations effectively manage simultaneous multiple change initiatives without overwhelming employees and compromising the overall success of these initiatives?arrow_forwardWhat tools are available for leaders to evaluate organizational readiness for change. How might you employ those tools in your organization to determine if the organization is ready to engage in the change process?arrow_forwardChange is inevitable in today's dynamic business environment, whether it's due to technological advancements, market trends, or internal restructuring. Effective change management involves guiding individuals and teams through transitions, overcoming resistance, and ensuring that the organization adapts successfully to new circumstances. This process typically includes communication strategies, stakeholder engagement, training and development programs, and monitoring progress to mitigate potential risks and optimize outcomes. By effectively managing change, organizations can remain agile, competitive, and resilient in the face of uncertainty. Question: How can managers effectively communicate and implement changes within their organizations while minimizing disruption and maximizing employee buy-in and engagement?arrow_forward
- How does a diverse management team contribute to better decision-making and overall company performance?arrow_forwardStrategic management: Why do companies place such importance on innovation?arrow_forwardHow has the COVID-19 pandemic influenced or transformed organizational structures, and what are the key factors organizations should consider when redesigning their structures in a post-pandemic world?arrow_forward
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