All categories

3 years ago

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

1 answer:

5 0

A sense of urgency - in order for the business to grow, it has to have a sense of urgency and refrain from procrastination. It has to act fast and not be left behind by new business. Plan and act are the keywords.

Building a guiding coalition - a business cannot stand alone. It needs people to help it grow. We have to interact with others who may be able to help us with ideas and purpose.

Form strategic visions and initiatives - we have to know what we want in the future and must act to become that future.

Enlist a volunteer army - get someone knowledgeable and enthusiastic to start going with the future vision of the company.

Enable action by removing barriers - Have a straight vision of what you want for your business, don't look at the different direction that will just hamper your growth. Do strategies, visioning and have focus.

Sustain Acceleration - when you are gaining your goal, don't stop. Just continue to grow and make the most of every opportunity.

Institute Change - Be adaptive to the changing world. Upgrade and go with how things flow without sacrificing your goal.

You might be interested in

LO 1.4How can having a bonus system based purely on sales goals create an environment that encourages unethical behavior?

ValentinkaMS [17]

Answer:

Sometimes sales representatives could be able to tell lies, steal customers from other coworkers, get customers in an inappropriate way.

Explanation:

There will always be the possibility of a behavior aimed at financial obsession by the sales representatives involved in the bonus process.

It is important to consider how excessive greed could have a fundamental role to play improperly against the rest of the team of the sales force; Therefore, it is an incentive that while on the one hand, it could be very beneficial for the company by offering the possibility of a significant increase in the company's sales.

On the other hand, it is necessary to consider the possible problems of deception and greed that could be presented among the fellow sales representatives. In my opinion, this should be an activity that needs to be monitored very closely in order to be highly beneficial for the group in general.

3 0

3 years ago

Baa-rated bonds currently yield 6%, while Aa-rated bonds yield 4%. Suppose that due to an increase in the expected inflation rat

ollegr [7]

Answer: The new confidence index is 0.7143

Explanation: Consumer confidence index which is known as the confidence index is an index used for estimating the economy of the U.S, it is published by the conference board which shows the decree of excitement in peoples's activities on their savings and spendings.

To calculate the new confidence index;

STEP1: Add the bond increase to the current bond;

6% + 1% = 7%

4% + 1% = 5%

STEP 2: FIND THE NEW CONFIDENCE INDEX

5% ÷ 7% = 0.7143

The old confidence index can also be calculated as

4% ÷ 6% = 0.6667

8 0

3 years ago

Contingent Liabilities must have the following criteria (select all that apply): Select one or more: A. The obligation is certai

Leya [2.2K]

Answer: Option B and C

Explanation: In simple words , contingent liabilities refers to the liabilities the occurrence of which depends on the happening of an event that may or may not occur in the future.

These are recorded in the accounts only when the payment is to be made in future and that payment could be reasonably estimated.

Hence the correct option is B and C

3 0

3 years ago

Little Book LTD has total assets of $860 000. There are 75

malfutka [58]

a)Little book LTD earning per share is $1.118 per share.

Explanation:

To calculate earning per share we will use following formula:

$\frac{net income}{weighted average shares outstanding}$

Now to find net income we will take help of asset turnover ratio : $\frac{net sales}{total asset}$

Asset turnover ratio = $\frac{x}{860000}$

$\begin{align}\frac{x}{$86000}\end{align}$ 1.5 × $860000 = x

x (net sales) = $1290000

Outstanding shares = 75000 shares

So Net Income = $1290000×.065

= $83850

Now Earning per share = $\frac{83850}{75000}$

Earning per share = $1.118

b) Market to Book Ratio will be 1.2 for Little Book LTD.

Explanation:

Market to Book Ratio = $\frac{Market Capitalization}{Total Book Value}$

Market Capitalization = $ 75000× $ 12

= $900000

So, Market To Book Ratio = $\frac{900000}{750000}$

Market To Book Ratio = 1.2

5 0

3 years ago

What was the reason for the financial crisis 2008?

tester [92]

The cause was the huge increase of mortgage rates and caused the economy to crash. also Obama. no just kidding only idiots ay that it was him because he hadn't been the president for a year yet so yeah.

7 0

3 years ago