Change Strategy Flashcards
1
Q
Whats Kotter’s 8-phase Change Model
A
- Establish sense of urgency
- Create a coalition
- Develop a clear vision
- Share the vision
- Empower people to remove obstacles
- Secure Short-term wins
- Consolidate and keep moving
- Anchor the change
2
Q
What is a change leader
A
senior exec leading and supporting change
3
Q
What is a change champion
A
Individuals promoting innovation change and building support for adoption
4
Q
What are change agents
A
individuals responsible for directing, organizing, & facilitating change
5
Q
What is the Icarus paradox
A
the phenomenon of business failing abruptly after a period of success, failure brought about by elements that led to initial success
6
Q
What are the three megatrends on transformation
A
The Adoption of AI
Climate & Sustainability goals
Hybrid work
7
Q
What are the five dimensions of success in transformation
A
- Value Creation
- Cost to achieve
- Duration
- Leader Engagement
- Employeee buy-in
