GK
HUMAN RESOURCE MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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it receives significant finance from a venture capitalist
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a major competitor leaves the market
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it is implementing a new, organisation-wide IT system
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it becomes the market leader
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Detailed explanation-1: -While there are many ways leaders can manage change, some of the best change management strategies include planning, transparency and honesty, communication, and employee participation.
Detailed explanation-2: -Allocate adequate resources. Adequate human and financial resources are critical for implementation success. Assign the team responsible for implementation. Schedule regular review meetings. Watch your key performance measures. Be agile and ready to adjust.
Detailed explanation-3: -Explain the need for the change. Get buy-in from leadership and key employees. Adapt training according to employee needs. Visualize your new processes. Share documentation where it makes the most sense for your team. Let them fail. Expect and encourage continuous improvement.