CMI 705 - Learning Outcome 1.2

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Questions and Answers

What is the primary purpose of plan resourcing requirements?

To allocate tasks to team members

To identify potential project risks

To set deadlines for project milestones

To determine the resources needed for the change (correct)

Which of the following is NOT a type of resource typically considered in plan resourcing requirements?

Environmental resources (correct)

Technological resources

Financial resources

Human resources

What is an example of a human resource that may be required for a change?

Project management software

Budget allocation

Computers and software

Skilled team members (correct)

Why is it important to determine financial resources in plan resourcing requirements?

To ensure the change can be funded Signup and view all the answers

What is the relationship between plan resourcing requirements and the success of a change?

Plan resourcing requirements can contribute to the success of a change Signup and view all the answers

What is the proposed approach to change according to Hamel and Zanini (2014)?

A real-time, socially constructed approach to change Signup and view all the answers

What is the primary purpose of risk management in strategic change?

To ensure smooth implementation of change Signup and view all the answers

What is the main limitation of today's organisations when it comes to change?

They were designed for discipline and efficiency Signup and view all the answers

What is the role of leaders in building a change platform?

To build a platform that allows anyone to initiate change Signup and view all the answers

What is the first step in the risk management process?

Identifying potential risks Signup and view all the answers

What is the ultimate goal of assessing the impact of potential risks?

To prioritize risks based on their potential impact Signup and view all the answers

What are the three limiting assumptions that leadership teams need to tackle?

Change starts at the top, change is rolled out, and change is engineered Signup and view all the answers

What is the purpose of a change platform?

To allow anyone to initiate change, recruit confederates, suggest solutions, and launch experiments Signup and view all the answers

What is the outcome of effective risk management in strategic change?

Smooth implementation of change Signup and view all the answers

Why is risk management essential for leading strategic change?

It is a critical component of strategic change Signup and view all the answers

What can leaders achieve by following the steps of strategic change?

A smoother transition and successful outcomes Signup and view all the answers

What is the primary goal of strategic change?

To ensure a smoother transition and successful outcomes Signup and view all the answers

What do leaders need to do to manage complexities of strategic change?

Critically appraise and effectively manage them Signup and view all the answers

What is the outcome of not following the steps of strategic change?

Increased resistance to change Signup and view all the answers

Why is it important for leaders to follow the steps of strategic change?

To ensure a smoother transition and successful outcomes Signup and view all the answers

What is the primary focus of Assessment Criterion 1.2?

Critically appraising the complexities of leading strategic change Signup and view all the answers

What is the outcome of completing the online learning?

Completing Learning Outcome 1.2 Signup and view all the answers

What is the primary purpose of Learning Outcome 1.2?

To critically appraise the complexities of leading strategic change Signup and view all the answers

What is the next step after completing the online learning for Learning Outcome 1.2?

Testing knowledge of leading strategic change Signup and view all the answers

What is the key skill required for Assessment Criterion 1.2?

Critical thinking for strategic change Signup and view all the answers

Study Notes

Risk Management in Leading Strategic Change

Risk management is crucial for smooth implementation of strategic change, involving identification of potential risks, assessment of their impact, and development of strategies to mitigate them.

Complexity Challenges

Complexity challenge arises from the pace of change, requiring a real-time, socially constructed approach to change.
Traditional approach to change is limited by three assumptions:
- Change starts at the top
- Change is rolled out
- Change is engineered
Instead, leaders need to build change platforms that enable anyone to initiate change, recruit confederates, suggest solutions, and launch experiments.

Limitations of Today's Organisations

Today's organisations were designed for discipline and efficiency, enforced through hierarchy and routinisation, making them ill-equipped to change proactively and profoundly.

Plan Resourcing Requirements

Determine the financial, human, and technological resources needed for the change.
This step is essential for effective management of complexities and ensuring a smoother transition to strategic change.

Outcome

Critically appraise the complexities of leading strategic change, ensuring a smoother transition and successful outcomes.

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Description

This quiz assesses your understanding of risk management in leading strategic change. Learn to identify potential risks, assess their impact, and develop strategies to mitigate them.