unit 10 definitions managing strategic change

Question 1

collectivism

Hofstede

Answer 1

culture which individuals work as a team to achieve mutually beneficial outcomes

Question 2

contingency planning

Answer 2

having a plan B so that new strategy can be implemented in event of a change in external environment / emergency

Question 3

corporate culture

Answer 3

beliefs / behaviours that determine how a company’s employees and management interact / handle business activity

Question 4

corporate governance

Answer 4

system of rules / practices / processes by which company is directed / controlled
board are in control
need to balance interests of stakeholders

Question 5

critical path

Answer 5

activities within the project that can’t be delayed without delaying the entire project
have no float

Question 6

delayering

Answer 6

removing middle management tiers from hierarchy
flattening
more responsibility for remaining staff

Question 7

driving forces

Lewin

Answer 7

factors that encourage change to occur

include increased competition, poor financial performance / overall performance + dissatisfied customers

Question 8

education and communication

Kotter and Schlesinger

Answer 8

providing stakeholders with necessary information in order to understand the reason for change, how change implements + expected outcome

Question 9

emergent strategy

Answer 9

strategy that develops over time, perhaps different to planned strategy

Question 10

explicit and implied coercion

Kotter and Schlesinger

Answer 10

forcing stakeholders to take change on board despite reluctance

Question 11

facilitation and support

Kotter and Schlesinger

Answer 11

providing necessary resources / training / skills to help stakeholders to feel more confident with change process

Question 12

femininity

Hofstede

Answer 12

preference for cooperation, care, more consultation / intuitive analysis

Question 13

flexible organisation

Answer 13

a business that is able to adapt + respond relatively quickly to changes in its external environment in order to gain advantage / sustain competitive position

Question 14

float time

Answer 14

amount of time an activity in a project network can be delayed without delaying completion date

Question 15

float time equation

Answer 15

= EST - activity duration - LFT

Question 16

Handy’s theory of culture

Answer 16

power, role, task, individual culture

Question 17

power distance

Answer 17

considers extent to which inequality is tolerated and wetter there is a strong sense of position and status

Question 18

Hofstede’s national cultures

Answer 18

theory which categorises 6 diff ways in which culture varies in diff nations