Technological advances can usher in a whole new set of competitors that can change a firm's business model

Indicate whether the statement is true or false
a. True
b. False

ANSWER: True

Sometimes technology advances can usher in a whole new set of competitors that can change a firm's business model.

Business

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Which of the following is the last step in Kotter's eight-step plan for implementing change?

A) Form a coalition with enough power to lead the change. B) Establish a sense of urgency by creating a compelling reason for why change is needed. C) Communicate the vision throughout the organization. D) Reinforce the changes by demonstrating the relationship between new behaviors and organizational success. E) Consolidate improvements, reassess changes, and make necessary adjustments in the new programs.

Business

Which of the following is a drawback of using a proxy server to ensure online anonymity?

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Business