Asked by Justin Shaughnessy on Jun 29, 2024
Verified
XYZ Inc. decided to lay off a relatively large proportion of their employees due to poorer-than-anticipated financial performance. What is this an example of?
A) proactive change
B) transformational change
C) transitional change
D) reactive change
Reactive Change
Modifications or adjustments made in response to external pressures or unforeseen events, rather than through proactive planning.
Lay Off
The temporary or permanent suspension or termination of employment of an employee or group of employees due to business reasons like lack of work or economic downturns.
Transformational Change
A comprehensive shift in the culture, processes, and operations of an organization, aiming for significant improvements.
- Gain insight into the pivotal aspects that are instrumental in the successful realization of change efforts.
Verified Answer
Learning Objectives
- Gain insight into the pivotal aspects that are instrumental in the successful realization of change efforts.
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