Asked by Amanda Allen on May 14, 2024
Verified
Many firms imitate the change programs of their competitors.
Imitate
To copy or mimic the actions, behaviors, or mannerisms of someone or something, often as a form of learning or homage.
Competitors
Other businesses or individuals that offer similar products or services and vie for the same market share or customer base.
- Evaluate the effectiveness of change programs.
Verified Answer
BM
Blessing MbunyuzaMay 18, 2024
Final Answer :
True
Explanation :
Many firms observe and imitate the change programs of their competitors as a way to stay competitive, often believing that adopting similar strategies will help them achieve similar levels of success or efficiency. This phenomenon is known as benchmarking or mimetic isomorphism in organizational theory.
Learning Objectives
- Evaluate the effectiveness of change programs.
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