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emmasim [6.3K]
4 years ago
13

What was Ketto’s 8 stages

Business
1 answer:
AveGali [126]4 years ago
4 0
1. Establish a sense of urgency

– Examine market and competitive realities.

– Identify and discuss crises, potential crises or opportunities.

– Create the catalyst for change.

2. Form a powerful coalition

– Assemble a group with enough power to lead the change effort.

– Develop strategies for achieving that vision.

3. Create a Vision

– Create a vision to help direct the change effort.

– Develop strategies for achieving that vision.

4. Communicating the Vision

– Using every channel and vehicle of communication possible to communicate the new vision and strategies.

– The guiding coalition teaching new behaviours and leading by example.

5. Empowering others to act on the vision

– Removing obstacles to change.

– Changing systems or structures that seriously undermine the vision.

– Encouraging risk taking and non traditional ideas, activities and actions.

6. Planning for and creating short term wins

– Planning for visible performance improvement

Recognising and rewarding employees involved in these improvements.

7. Consolidating improvements and producing still more change

– Using increased credibility to change systems, structures and policies that don’t fit the vision.

– Hiring, promoting, and developing employees who can implement the vision.

– Reinvigorating the processes with new projects, themes and change agents.

8. Institutionalising new approaches

– Creating the connections between new behaviours and corporate successes. – Developing channels to ensure Leadership development and succession.





I hope it helped you!
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Assume that we currently have an inflation rate of​ 1%, a nominal federal funds rate of​ 2% and a real federal funds rate of​ 1%
Vedmedyk [2.9K]

Answer:

The nominal federal funds rate be changed​ to 3%

Explanation:

Hi, in order to find the new nominal federal fund rate, we have to use the following equation.

I=R^{*} +PI+0.5(PI-PI^{*} )

Where:

I = Nominal fed funds rate (what we are looking for)

R*=Real federal funds rate (changed from 1% to 3%, we use 3%)

PI= Rate of inflation (current inflation, in our case, 1%)

PI*=Target inflation (expected inflation, 3%)

Everything should look like this.

I = 3% + 1% + 0.5(1% - 3%)

I = 4% - 0.5(-2%)

I = 4% - 1%

I = 3%

So the nominal federal funds rate should be 3% under this problem´s conditions.

Best of luck.

7 0
3 years ago
Assume the firm has a tax rate of 22 percent. c-1.Calculate return on equity (ROE) under each of the three economic scenarios be
MakcuM [25]

Answer:

From the attached excel file, we have:

a-1. We have:

ROE under recession = 10.43%

ROE under normal = 13.21%

ROE under expansion = 14.92%

a-2. We have:

Percentage changes in ROE when the economy enters a recession = -21.00%

Percentage changes in ROE when the economy expands = 13.00%

b-1. We have:

ROE under recession = 15.63%

ROE under normal = 21.06%

ROE under expansion = 24.42%

b-2. We have:

Percentage changes in ROE when the economy enters a recession = -25.77%

Percentage changes in ROE when the economy expands = 15.95%

c-1. We have:

ROE under recession = 8.14%

ROE under normal = 10.30%

ROE under expansion = 11.64%

c-2. We have:

Percentage changes in ROE when the economy enters a recession = -21.00%

Percentage changes in ROE when the economy expands = 13.00%

c-3. We have:

ROE under recession = 12.19%

ROE under normal = 16.43%

ROE under expansion = 19.05%

c-4. We have:

Percentage changes in ROE when the economy enters a recession = -25.77%

Percentage changes in ROE when the economy expands = 15.95%

Explanation:

Note: This question is not complete. The complete question is therefore provided before answering the question. Kindly see the attached pdf file for the complete question.

Also note: See the attached excel file for all the calculations required.

In the attached excel file, the following formula is used:

Percentage in ROE = ((ROE of Recession or Expansion - ROE of Normal) / ROE of Normal) * 100

Download xlsx
<span class="sg-text sg-text--link sg-text--bold sg-text--link-disabled sg-text--blue-dark"> xlsx </span>
<span class="sg-text sg-text--link sg-text--bold sg-text--link-disabled sg-text--blue-dark"> pdf </span>
5 0
3 years ago
When money is used to express the value of goods and services, it is functioning as a?
Sonbull [250]
<span>The term money is used to describe anything that is regularly used in economic transactions or exchanges.
</span><span>When money is used to express the value of goods and services, it is functioning as a unit of account.
</span><span>This is the primary function of money, to be used a unit by which value of a thing is accounted and compared.</span>
8 0
3 years ago
Read 2 more answers
Ellen is a manager who helps develop sales promotions, targets customers for upselling, and searches for potential new customers
Vinvika [58]

Answer:

Letter B is correct. <u><em>Sales budget.</em></u>

Explanation:

The sales budget is characterized by a company's sales expectations for a given budget period.

Organizations typically present the sales budget in monthly or quarterly format, with relevant information coming from a variety of sources. The calculation is made according to the number of units sold in the first line, the expected average price in the second line and the total sales in the third line. It is important to remember that when there are marketing promotions there may be a unit price adjustment that must be specified in the sales budget.

So a well-crafted sales budget ensures the quality of offering the right price on the right product and quantity at the right time and place. For this is one of the essential steps for control and success of an organization, as it relates to the marketability of purchasing consumer goods and services.

4 0
4 years ago
OS Environmental provides cost-effective solutions for managing regulatory requirements and environmental needs specific to the
timofeeve [1]

Answer:

the question is incomplete, so I looked for a similar one online:

December 31, year 1:

interest expense = $5,300,000 x 12% x 6/12 = $318,000

September 30, year 1:

interest expense = $5,300,000 x 10% x 3/12 = $132,500

October 31, year 1:

interest expense = $5,300,000 x 9% x 4/12 = $159,000

January 31, year 2:

interest expense = $5,300,000 x 6% x 7/12 = $185,500

4 0
3 years ago
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