Strategies for Managing Change (Leaving Cert Business): Flashcards

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Strategies for Managing Change
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6 strategies for managing change

Commitment, consult, funding, negotiate, rewards, training

Management commitment means creating...

A culture that welcomes change

Why consult staff before change?

Reduces resistance & identifies problems early

Facilitator management vs controller

Delegates & supports vs autocratic & controlling

Employee empowerment definition

Real power & decision-making authority to employees

Employee participation definition

Employees involved in business activities & decisions

Share option definition

Right to buy company shares below market value

Works council size requirement

Companies with over 1,000 staff

Info & consult forum size requirement

Businesses with over 50 employees

Benefit of employee participation to decisions

Better decision-making, less resistance to change

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