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Marizza181 [45]
2 years ago
8

Read the Leading Innovation and Change: Best Practices Case Study and answer the following in the Lesson Forum: What elements of

Kotter's Eight Stages of Leading Change were used by the company in this Case Study
Business
1 answer:
4vir4ik [10]2 years ago
6 0

The correct answer to this open question is the following.

Although there is no further information about the case of study, we can say that the question possible refers to the case where the name of the company is just "The Client." The name of the document is "Leading Innovation Change - The Kotter Way."  

This case refers to the challenges faced by an organization when it is time to innovate. Many members want to innovate but the culture of the company or the lack of proper leadership from managers often hinders the innovation efforts of the company.

So some of the elements of Kotter's Eight Stages of Leading Change that were included in the case were the following.

Create Urgency. The creation of new products of the company was limited and was not enough to compete in the future. A sense of urgency was needed to implement innovation.

Form a Powerful coalition. The company had to be very selective about the kinds of products that could help it to successfully compete in the future. The company had to use the best it had to establish priorities.

Create a vision for change. It was critical for the company to establish a new vision to get the results it needed. A renovation of the processes to face new necessities was imperative. Change has to be part of every member's mind.

Communicate the vision. This new vision had to be shared through the entire company. The members had to understand the importance of the innovative practices and each and every one of them had to be part of this new mentality.  

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When an electronics company sells its global positioning systems to a car manufacturer, it is engaged in ________ marketing.
viktelen [127]

Answer:

It is called a Business to Business or B2B Marketing

Explanation:

B2B or Business to Business Marketing simply occurs when a business organisation decides to going into transaction with an other business organisation. The two businesses can be within the same locality or not. A criteria is that a B2B marketing involves a commercial transactions which would be to the benefit of both parties.

The <u>opposite of B2B is B2C (Business to Consumer) marketing, this is the commonly known type of marketing where a consumer/individual</u> patronizes the products of a manufacturer or business organisation.

B2B will usually occur when a company needs certain products or materials to complete its own finished goods and this can be purchased from another organisation that has been adjudged to be a producer of same.

It could also occur, when a business is required to take on the services of another business for instance in audit cases.

In the case of the question, the global positioning system is a finished product of the electronics company required by the car manufacturer to complete his own finished product (the car). Hence, the B2B marketing.

5 0
3 years ago
Michael’s is considering a project that has projected sales of 4,200 units ± 5 percent, a sales price per unit of $50 ± 4 percen
julsineya [31]

Answer:

annual net income is $23077.25

Explanation:

Given data:

sales volume = 4200 units

selling price/units $50

variable cost/units $25

fixed cost is $45000

Total sales unit = 4200 + 5\% \times 4200 = 4410 units

selling price/unit = $50 + 4\%\times $50 = $52

variable cost/unit = $25- 5\%\times 25 = $23.75

fixed cost  = 45000 - 3\%\times 45000 = $43650

sales  =4410 \times 52 = $229320.00

variable cost  = 4410 \times 23.75 = 104737.5

difference = 229320 - 104737 = 124583

fixed cost = $43650

depreciation exchange = $11000

so total income prior to tax = 124583 - (43650 + 11000) =$ 69932.5

tax rate is 33%

so total income after tax is = 69932.5 \times .33 = $23077.725

4 0
3 years ago
Lion Oil Company purchased a lot in Pacific Beach 6 years ago at a cost of $600,000. Today, that lot has a market value of $800,
Umnica [9.8K]

Answer:

$2,050,000

Explanation:

The computation of the initial cash flow for this project is shown below:

= Market value of the lot + estimated cost of the building

= $800,000 + $1,250,000

= $2,050,000

We simply added the market value of the lot and the estimated cost of the building so that the initial cash flow for this project could come

4 0
2 years ago
Which of the following represents the fixed costs associated with buying materials from Suppliers, not including the costs of ma
o-na [289]

Answer:

Carrying costs

Explanation:

Carrying costs are the costs associated with holding inventory including maintenance, building rent and utilities, storage space, and insurance.

5 0
3 years ago
Read 2 more answers
Assume an investor purchases the net assets of an investee for the cash purchase price is $50,400. The investor is willing to pu
dusya [7]

Answer and Explanation:

The Journal entries are shown below:-

A. Cash Dr, $1,680

Accounts receivable Dr, $3,360

Inventories Dr, $6,720

PPE, net Dr, $16,800

           To Accounts payable $3,360

           To Accrued liabilities $5,040

           To Long-term liabilities $6,720

           To Cash $13,440

(Being purchase of the assets and assumption of the liabilities is recorded)

B. Equity investment Dr, $13,440

                 To Cash $13,440

(Being purchase of the assets and assumption of the liabilities is recorded)

3 0
3 years ago
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