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Mia works for a small technology company. The company lags behind in performance and popularity in the markets in which it operates. It assigns Mia and her team the task of exploring what can be done to bring about a change in it, thus enabling the organisation to perform better in the markets. After extensive research for 2 months, Mia and her team arrive at four potential change projects that the company can undertake. These change projects are presented in the sheet provided below.
Implementation cost (in INR)
Expected Revenue (in INR)
Expected goodwill (in INR)
Total costs (in INR) = (Employee reskilling and management cost + Tech upgrade cost + Implementation cost)
Total financial benefits (in INR) = (Expected Revenue + Expected goodwill) - Total costs
100,000
900,000
50,000
150,000
800,000
500,000
2,000,000
10,000
570,000
1,440,000
400,000
170,000
380,000
20,000
200,000
225,000
25,000
Assume the following for all the potential change project options:
Under which type of change management initiative would you categorise Project 1?
a). Transformational change, since the net impact is high and the overall complexity is low
b). Quick win, since the net impact is high and the overall complexity is low
c). Quick win, since the net impact is low and the overall complexity is high
d). Transformational change, since the net impact is low and the overall complexity is high
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