1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Alex Ar [27]
3 years ago
13

outline and explain how businesses can apply john kotter's 8 steps of leading change in the workplace

Business
1 answer:
7nadin3 [17]3 years ago
7 0
<span>Kotter's 8 steps of leading change can be applied in managing change.</span><span>Creating a sense of urgency will help spark the initial motivation to get things moving. Forming a powerful coalition will ensure that the change effort is supported by key decision makers. Creating a vision for the change will help make it memorable. Communicating the change will ensure that people's concerns are addressed so that they can embrace it. Removing obstacles will reduce resistance faced. Creating short term wins will provide momentum needed to keep the changes going. Building on change will enable shortcomings to be improved. Anchoring the change on corporate culture will ensure that it sticks. </span>
You might be interested in
If a brand or company is trying to repair a damaged reputation with the people it serves, its strategic efforts in digital marke
Minchanka [31]

Answer:

C. Favorability.

Explanation:

Digital marketing can be defined as an application of a wide range of channels or medium such as mobile devices, internet, social media, software applications, search engines, and a variety of electronic channels to reach out to consumers and potential buyers.

If a brand or company is trying to repair a damaged reputation with the people it serves, its strategic efforts in digital marketing would align with favorability.

Favorability in digital marketing tends to measure the relationship between a business and its customers. The main purpose is to create affinity for a business or making customers feel positive towards a business after viewing an advert.

4 0
3 years ago
How many barrels of oil are in the strategic petroleum reserve.
yaroslaw [1]

Answer:

714 million barrels

5 0
2 years ago
Product deletion can best be described as the process of deleting a product from the product mix when it a. no longer responds t
Mamont248 [21]

Answer:

(c). no longer satisfies a sufficient number of customers

Explanation:

Product deletion refers to removal or discontinuance of a product from the product line when such a product has been consistently incurring losses since a number of years and it's further continuation would adversely affect the other products and profitability.

A product is usually deleted from the product line on the grounds of it's failure in satisfying a sufficient number of customers.

Hence, the correct option is (c). no longer satisfies a sufficient number of customers.

5 0
4 years ago
A competitive car wash currently hires 4 workers, who together can wash 80 cars per day. The market price of car washes is $5 pe
Bezzdna [24]

Answer:

b) 100 cars per day.

Explanation:

With the information above, we can conclude that each worker washes 20 cars per day, and earns a wage of $60 per day.

So the total labor costs per day is $60 wage per worker  X 4 workers = $240

The total sales revenue per day is: 80 cars washed per day X $5 per wash = $400.

So, we can see that with four workers, the firm has a good profit of = $400 - $240 = $160.

If the firm hired a fifth worker, labor costs would increase to $320 ($240 + $60), the amount of cars washed would increase to 100, and the sales revenue would increase to $500 (100 x $5).

So, profits would increase to $180 ($500 - $320) if the firm hired a fifth worker.

However, productivity should still be stable, so a worker who washed less than 20 cars per day should not be hired, this is why the A option is wrong.

8 0
3 years ago
Sanford Company currently has 15% of its market value in debt and 85% in common stock, with no preferred stock. Its debt has a c
devlian [24]

Answer:

WACC is 9.35%

Explanation:

In order for us to compute the weighted average cost of capital, we have to first find the cost of equity (Ke) and the cost of debt (Kd)

1. Ke can be found by using CAPM - Capital Asset Pricing Model.

CAPM Formula: Ke = Rf + b(Rm-Rf)

where Rf = Risk free rate; Rm = Return expected of the market; b = beta

Therefore = Ke = 3% + 0.9(11%-3%) = 10.2%

2. Kd = Coupon rate (1 - tax rate), coupon rate is 7%, tax rate is 35%

therefore Kd = 7 (1-0.35) = 4.35%

Lastly we apply the WACC Formula which is Ke* (equity value/Total value of equity and debt) + kd*(debt value/Total value of equity and debt)

We are not given the values of equity and debt, bur we are given the fractions; we will use the fractions.

Therefore: Ke* (equity value/Total value of equity and debt) + kd*(debt value/Total value of equity and debt) = (10.2%*85%)+(4.35%*15%) = 9.35%

4 0
4 years ago
Other questions:
  • The following standard costs pertain to a component part manufactured by Bor Company: An outside supplier has offered to supply
    15·1 answer
  • The following transactions occurred during the month of June 2021 for the Stridewell Corporation. The company owns and operates
    12·1 answer
  • Suppose a stock had an initial price of $117 per share, paid a dividend of $3.10 per share during the year, and had an ending sh
    5·1 answer
  • Copy Center pays an average wage of $12 per hour to employees for printing and copying jobs, and allocates $18 of overhead for e
    8·1 answer
  • Which of the following will affect the amount of net pay you earn on your paycheck?
    5·2 answers
  • In a democratic capitalist environment the price mechanism automatically becomes the planning tool for its homeostasis; what is
    8·1 answer
  • A company has total fixed costs of $180,000 and a contribution margin ratio of 30%. How much sales are necessary to break even?
    5·1 answer
  • J&amp;J Foods wants to issue 5.4 percent preferred stock with a stated liquidating value of $100 a share. The company has determ
    15·1 answer
  • Zoom asdfghjasdftyuil
    10·1 answer
  • N the united states, the control of the money supply is the responsibility of the:____.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!