Once a company has decided to “do something different” (rather than “do nothing” or “do nothing...

Once a company has decided to “do something different” (rather than “do nothing” or “do nothing differently”), what kinds of changes can they make?

Expert Solution

Once a company has decided to “do something”, some kinds of changes can they make which are as follows-

1. Implementation of new technology into the organizational system

2. Merger and acquisitions

3. Change in leadership style followed by leaders

4. Changes in organizational culture

5. Change in organizational structure

6. Making significant operating changes to meet new supply and demand

7. Transformational change- it specifically targets a company’s organizational strategy

8. Personnel change- hire creative, innovative and energetic employees who are ready to change

Changes in business occur when an organization improves, restructures or transforms a major part of its operations disrupting systems, people and process. Change is very important for an organization to remain competitive in the current market situation and gain competitive advantage. Changes helps to increase customers’ satisfaction level, make organization sustainable and increase loyalty and trust of stakeholders of the business.

"If you like my answer please give thumbs up, thank you"

keosha answered 2 months ago

Sophocles once said that Euripides depicts people as they are rather than as they ought to...

Sophocles once said that Euripides depicts people as they are rather than as they ought to be. Do you agree? Can this play still speak to us from across the centuries?

Governor John has decided that, rather than build a new nuclear power plant to service power...

Governor John has decided that, rather than build a new nuclear power plant to service power needs, the state should save an equivalent amount of energy. As one component of an efficiency plan, he has turned to you, his top aide, to design a policy to encourage adoption of compact fluorescent (CF) lightbulbs. Although CFs save a tremendous amount of money (and energy) over their lifetime, they are quite expensive initially ($20 or so per bulb in 1993). In addition,...

The great 18th century economist and philosopher Adam Smith once wrote: "Nothing is more useful than...

The great 18th century economist and philosopher Adam Smith once wrote: "Nothing is more useful than water: but it will purchase scarce any thing; scarce any thing can be had in exchange for it. A diamond, on the contrary, has scarce any value in use; but a very great quantity of other goods may frequently be had in exchange for it." In the late 19th century some economists posited that this apparent anomaly could be explained by the law of...

Part 1 Lynbrook, Inc. has decided to begin processing monthly payroll transactions “in house”, rather than...

Part 1 Lynbrook, Inc. has decided to begin processing monthly payroll transactions “in house”, rather than using a Payroll Service Company, like ADP. On January 25, 2019, the end of the first monthly pay period of the year, Lynbrook’s payroll register showed that employees earned $22,000 of office salaries and $60,000 of sales salaries. Withholdings from the employees' salaries include FICA Social Security taxes at the rate of 6.2%, FICA Medicare taxes at the rate of 1.45%, $12,860 of federal...

Programming in R: Some days Zach finds that he has nothing better to do than sit...

Programming in R: Some days Zach finds that he has nothing better to do than sit on a porch and watch cars pass him by. On average, he sees about 15 cars pass in a single day. Simulate an entire year of Zach’s car-watching pastime (assume every month is 30 days long), compute the mean for each month, and generate a histogram of the means. Does the distribution of the means look normal? Why or why not?

Why do firms borrow capital that has to be repaid with interest rather than finance a...

Why do firms borrow capital that has to be repaid with interest rather than finance a firm with 100% equity?

Once something is deleted form a social media profile, is it ever truly gone and do...

Once something is deleted form a social media profile, is it ever truly gone and do our personal ethics change with the anonymities we use online?

Imagine that rather than the government moving to close the GDP gap, the central bank decided...

Imagine that rather than the government moving to close the GDP gap, the central bank decided to move instead. Specify what type of open market operations would it undertake to close the GDP Gap (inflationary gap)

Rather than play outside with friends, Aaron once preferred to sit inside watching TV and munching...

Rather than play outside with friends, Aaron once preferred to sit inside watching TV and munching on chips. As a result, he has become obese. He is now determined to lose excess weight with a reduced-calorie diet. Aaron is likely to have difficulty losing weight while dieting because a. low-calorie diets trigger increased secretions of leptin. b. his resting metabolic rate will increase and cause him to overeat. c. it takes less food intake to maintain fat than it did...

What is a range chart? Why were range charts rather than standard deviation charts once used...

What is a range chart? Why were range charts rather than standard deviation charts once used to monitor the spread of manufacturing processes?

Question