Key Factors in Change (Edexcel A-Level Business): Flashcards
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Practise the cards
10 cards from this deck
Change management definition
Change management definition
Planning, implementing & embedding new ways of working
Organisational culture definition
Organisational culture definition
'How things are done' - norms, values, beliefs & practices
Strong culture's dual effect on change
Strong culture's dual effect on change
Provides competitive advantage but can create rigidity
Kodak's cultural rigidity outcome
Kodak's cultural rigidity outcome
Bankruptcy in 2012 despite having digital technology
Relationship between org size and flexibility
Relationship between org size and flexibility
Larger organisations are less adaptable & flexible
Glocalisation meaning
Glocalisation meaning
Thinking globally but acting locally
Gradual change context
Gradual change context
Stable market position with time available
Main sources of employee resistance
Main sources of employee resistance
Fear of unknown, competence concerns, job security, relationships
Kotter's critical first step in change
Kotter's critical first step in change
Creating a sense of urgency
Four key factors influencing change success
Four key factors influencing change success
Culture, size, speed, resistance