Asked by Jazmin Blanco Ferrufino on Jul 18, 2024
Verified
The economic approach refers to initiating change for the purpose of creating shareholder
value.
Economic Approach
The method of analyzing decisions based on comparing the costs and benefits of different actions, emphasizing efficiency and utility maximization.
Shareholder Value
The value delivered to shareholders as a result of the company's ability to generate earnings and increase its share price.
- Understand the significance and difficulties involved in overseeing change within organizations.
Verified Answer
JK
Jennifer KhalilJul 20, 2024
Final Answer :
True
Explanation :
The statement is true. The economic approach focuses on maximizing shareholder value by making strategic decisions and initiating change in the organization.
Learning Objectives
- Understand the significance and difficulties involved in overseeing change within organizations.
Related questions
In Order to Compete Effectively in Global Markets,domestic Corporations Often ...
Force Field Analysis Suggests That Any Stable Situation Can Be ...
Employees Are Invested in the Status Quo in Their Jobs
One of the Most Basic Characteristics of Organizations in General ...
According to Change Competency: Michael Ward's Reflections on CSX's One ...