In face of change, an entrepreneur must take into consideration how the change impacts the company and immediately_______________.

Question

Quizplus · Accepted Answer

When facing change, it is important for entrepreneurs to communicate the changes to employees in order to manage any impact on morale and performance. This can also help employees adapt to any changes in company procedures or goals. While preparing a new business plan or starting a new R&D project may be necessary in some cases, communication with employees should always be a top priority. Hiring an external consultant or planning for the sale of the company may not be necessary or appropriate depending on the nature of the change.

In Face of Change, an Entrepreneur Must Take into Consideration