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1. How do we link strategic and operational change?
Answer: Hambrick and Cannella present a 5-step approach:
1. obtain broad inputs at the formulation stage
2. assess obstacles at the formulation stage
3. make early attempts at making small changes using the full array of levers including: resource commitments; policies and programme; structure; people and rewards
4. sell the strategy vigorously to everyone who matters - throughout the organisation
5. fine tune, adjust and respond to unfolding events
Given the new science realities, write your ropes to know and ropes to skip for leaders, including guidelines for planning, measuring, motivating people, managing change and inform
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If elasticity is -2, price is $10, and marginal cost is $8, should you raise or lower price?
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How many stamping machines are required?
What do you understand by “line balancing”?
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