MGM102H5 Study Guide - Midterm Guide: Confirmation Bias, Fundamental Attribution Error, Professional Ethics
Document Summary
The market place is becoming segmented towards niche products. Some traditional companies may not survive radical change. China, india and other offshore suppliers are changing the way we work. Knowledge, not information, is becoming the competitive advantage. Reactive: in response to problems or opportunities that arise. Proactive: also, called planned change, involves making carefully thought out changes in anticipation of possible or expected problems or opportunities. Manager"s behaviour, e. g. , excessive conflict between managers and employees. Adaptive: the reintroduction of a familiar practice, the type of change that has already been experienced within the same organization. Innovative: introduction of a practice that is new to the organization, can trigger some fear and resistance amongst employees. Radically innovative: introduction of a practice that is new to the industry, can be extremely threatening to manager"s confidence and employees" job security. Changing: learning new ways of doing thing.
