GudGadgets is a leading manufacturing company.It used a particular raw material as the base for manufacturing most of its products.Due to some recent events,the government banned the overall supply of that raw material.As a result,the company had to switch to another raw material.This called for a change in the machines and other processes involved in manufacturing its products.The company stopped the production of few established products and introduced some new products to remain competitive.This scenario is an example of _____ change.

Question

Quizplus · Accepted Answer

This scenario involves a significant and radical change in the company's operations, processes, and products due to the ban of its primary raw material. The company had to switch to a different raw material, which required transforming its machines and modifying its production processes. Additionally, it stopped producing established products and introduced new ones to remain competitive. Hence, it is an example of a transformative change.

GudGadgets Is a Leading Manufacturing Company