Question 1

Change is a crucial aspect of every organization. To implement change, it is vital to follow essential procedures which encompass all the relevant stakeholders to have the best outcomes possible. The first four levels of change include Effectiveness, Efficiency, Improving and Cutting. In Effectiveness, the management has to gauge the impact that the change has on processes within the company. For instance, when creating a new remuneration system that utilizes artificial intelligence in companies such as Facebook. Some of the tools that can be used are culture mapping and Gant charts. The second level named ‘Efficiency” deals with the productivity of the change in the company. It is based on the utilization of the available resources in facilitating the change concept while doing so cost-effectively. In this level, the company must find the value for money for the new project while testing the idea. When it does not deliver as desired, it would be wise to get rid of it or make modifications. One of the tools used is the force-field analysis. A company such as Starbucks might want to know whether outsourcing some food processing services would cut costs or not.

Regarding the third level entitled ‘Improving,’ the company in question would go back to the drawing board and analyze the efficiency and effectiveness of the change concept to make adjustments. One of the tools used is the stakeholder analysis. In the final level entitled ‘Cutting,’ a firm ensures that the units which do not bear the desired fruits are being eliminated to reinforce the entire process after which it can be adopted fully.

Question 2

The phrase “Innovate or Die” refers to motivation used by businesses in that if they do not come up with inventions, they will end up being obsolete. This is because the current business world is highly competitive and any firm which does not work towards innovation or creativity ends up losing customers and reducing their profit margins to the extent of closing down.Thus, it is evident that businesses should think like starters to survive and always focus on what can be unique from the rest of the companies.

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