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Top 10 penny stocks in 2024

  Top 10 Penny Stocks in 2024 Penny stocks are typically associated with companies that have small market capitalizations, limited liquidity, and higher volatility. It's essential to conduct thorough research and consider consulting with a financial advisor before investing in penny stocks. Additionally, the performance of penny stocks can fluctuate significantly, and what may seem like a promising investment today could become highly volatile or even worthless in the future. That said, I can provide a list of penny stocks that have shown potential in 2024 based on various factors such as market trends, industry performance, and company developments. However, please remember that investing in penny stocks carries inherent risks, and these suggestions should not be considered as financial advice.  What are Penny Stocks? Penny stocks, typically defined as stocks trading at a low price per share, often garner attention from investors seeking high-risk, high-reward opportunities. ...

WHAT IS CHANGE MANAGEMENT


            WHAT  IS   CHANGE   MANAGEMENT




 Today's Change management is defined as the methods and manners in which a company describes and implements change within both its internal and external processes. This includes preparing and supporting employees, establishing the necessary steps for change, and monitoring pre- and post-change activities to ensure successful implementation.
 Significantly organizational change can be challenging. It often requires many levels of cooperation and may involve different independent entities within an organization. Developing a structured approach to change is critical to help ensure a beneficial transition while mitigating disruption.
 Very often changes usually fail for human reasons: the promoters of the change did not attend to the healthy, real, and predictable reactions of normal people to disturbance of their routines. Effective communication is one of the most important success factors for effective change management. All involved individuals must understand the progress through the various stages and see results as the change cascades.

A CHANGE MANAGEMENT HOW TO IMPLEMENT

Define the change.
Select the change management team.
Identify management sponsorship and secure commitment.
Develop implementation plan including metrics.
Implement the change—in stages, if possible.
Collect and analyze data.
Quantify gaps and understand resistance.
Modify the plan as needed and loop back to the implementation step.

Resistance to change can be defined as any obstacle that becomes an impediment to implementing change. The source of resistance is often individuals or groups, but it can also be systems or processes that are outdated or that fail to fit current business conditions.

Figure 1 depicts the elements of a change management model and the sequence in which they occur.


 Change management  for making change work

In the organization of the change management model figure, all changes move from the current state, through a transition phase, and into the desired improvement state.

In the beginning, it is important to create, or affirm, a broadly understood need for the change (creating a shared need).
It is equally important to create and share an idea of what the outcome will look like (shaping a vision).
Throughout the change effort, there must always be sufficient resources dedicated to it (mobilizing commitment).
There must be a way to track change efforts (monitoring progress).
A person or team must ensure that the change reaches completion (finishing the job).
From the very beginning until the end, the change effort must have the backing of management, and leadership from an accountable person or people (leading change)

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