5) There are numerous components that are essential to change management, and the absence of any of these things can derail the entire effort. First, obviously, is the vision - an organization must have a clear idea of where it wants to be headed and what steps are necessary to get there. The second critical component is communication - everyone in the organization must understand the vision and be committed to its implementation. The third critical component is implementation - an organization must implement the changes that it has deemed necessary for change. The fourth critical component is evaluation - the organization must monitor its performance in the change process.
If any of these components are missing, the organization's efforts can fail. If the vision is lacking or incorrect, the organization can end up in a worse situation than it had been previously. If communication is lacking, employees may work at cross purposes. If the implementation is faulty, the goals will not be achieved. and, finally, without evaluation the organization can not monitor its progress and respond to problems that may arise.
6) in short, the Pareto principle states that 80% of an organization's problems come from 20% of the factors that influence it. Naturally, this can apply to Fun Foods' situation. Targeting the wrong markets, for example, was only one aspect of the business, but it was creating a significant portion of the problems. The employees were good (they had been with Fun Foods during more profitable times) and the product was good (assuming it did not exceed its shelf life). But one decision to focus on the wrong markets undermined many of those otherwise positive...
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