Asked by Eugene Dioso on May 30, 2024
Verified
Which of the following statements does NOT provide an accurate description of the nature and/or impact of change in contemporary businesses?
A) Most traditional organisations have realised that they must change to survive.
B) Intellectual capital, knowledge management and learning organisations are increasingly important in the modern business world.
C) Many organisations are slow in responding to change.
D) Increasingly, successful companies have cultures that thrive on change.
E) The new economy has created tremendous turmoil but few genuine opportunities.
Intellectual Capital
The collective brain power or shared knowledge of a workforce.
Learning Organisations
Companies that prioritize continuous employee learning and adaptability to maintain a competitive edge.
New Economy
A term often associated with the late 20th and early 21st century economic environment characterized by rapid technological advancement, globalization, and an increased reliance on knowledge and services.
- Analyse the nature and impact of change within contemporary businesses.
Verified Answer
Learning Objectives
- Analyse the nature and impact of change within contemporary businesses.
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