,1. Multiple Choice: Which theory of change management
emphasizes the importance of communication and
employee involvement at all stages?
a) Lewin's Change Management Model
b) Kotter's 8-Step Change Model
c) McKinsey 7-S Model
d) ADKAR Model
Correct Answer: b) Kotter's 8-Step Change Model
Rationale: Kotter's model is renowned for its emphasis on
communication and the involvement of employees
throughout the change process.
2. Fill-in-the-Blank: __________ is a change management
approach that focuses on the people side of change and is
designed to help manage change on an individual level.
Correct Answer: ADKAR Model
Rationale: The ADKAR Model is a goal-oriented change
management model that guides individual and
organizational change.
3. True/False: Innovation is always a disruptive force in the
market.
Correct Answer: False
Rationale: Innovation can be either disruptive or
incremental. Disruptive innovation significantly alters
industry practices, while incremental innovation improves
existing processes or products.
, organization?
a) Technological advancements
b) Economic shifts
c) Regulatory changes
d) Organizational culture
Correct Answers: a) Technological advancements, b)
Economic shifts, c) Regulatory changes
Rationale: These factors are external and internal forces
that can necessitate change within an organization.
5. Multiple Choice: In the context of innovation, what does
the 'S' in 'STEM' stand for?
a) Strategy
b) Science
c) Systems
d) Sustainability
Correct Answer: b) Science
Rationale: STEM stands for Science, Technology,
Engineering, and Mathematics, which are key areas of
focus in innovation.
6. Fill-in-the-Blank: The process of translating an idea or
invention into a good or service that creates value is known
as __________.
Correct Answer: Innovation
Rationale: Innovation involves turning a concept into a
marketable product or service that benefits the organization
and its customers.
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller EmilioOchieng. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $17.99. You're not tied to anything after your purchase.
