The essence of the strategic management process is adapting to change. Discuss (chapter 11)
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The essence of the strategic management process is adapting to change. Discuss (chapter 11)
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- The importance of managing innovation and change and the 5 strategic imperatives to effectively manage it and how can this be applied in a career context.recommend ways in which management can prepare for change in the business environment.Provide practical examples to enhance your analysis.What is the role of innovation in management and business cycle processes? Provide an example.
- Discuss how should we keep an organization aligned with changes in the environment? Support with THREE (3) relevant answersWhy is it necessary to change? Provide examples of companies that embrace change for the betterment of their business. What are the old ways, and what changes do they bring?Describe the advantages of innovation in management practices .
- Resistance to change can emerge at any stage or level of the strategy implementation process. Explain THREE (3) strategies that can be used to approach any changes made in the organization.what are the implementation considerations related to change management in an organization? What are the key components of an action plan?What strategies can be employed to foster innovation and creativity during the strategic development process?
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