Interpretation of Key Factors in Change
'the way things are done around here'
A: What is organizational culture?163
A contingency plan prepares a business for these unexpected events.
What are crises (or emergencies)?169
the state of being unable to pay the money owed by a person or company, on time
A: What is insolvency?166
A contingency plan that considers strikes, natural disasters, or IT failures is known as what type of plan?
What is a crisis management/risk mitigation plan?172
new leadership bring about change with the purpose of improving business performance
A: What is transformative leadership?166
identifying current employees who have the potential to play key roles in the future and helping them develop their skills.
What is succession planning?173
the following are possible causes of what?
business size, poor business performance, market changes and other external factors, changes in ownership.
A: What is Change?162
how a business will operate after a serious incident and how it expects to return to normal in the quickest time possible.
What is a business continuity plan?174
A factor that makes change easier if leaders communicate vision clearly.
A: What is effective communication?
The process of identifying and evaluating potential risks.
What is risk assessment?170