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Risks will then be assessed as well as the rationale for risks. Finally, some objectives will be identified.
Benchmarking Example
A good example of a company that was successful during change is Lakewood Publications. Lakewood Publications had to deal with three takeovers within a sixteen month timeframe. Despite the upheaval, Lakewood was able to retain eighty-eight of the eighty-nine full time employees. Lakewood was successful during times of change because of four factors. First, Lakewood built upon a culture that had as its basis a shared vision as well as shared incentives. “Everyone was asked to participate...
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