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Benefits and risks of change and innovation - Coggle Diagram
Benefits and risks of change and innovation
Benefits
Maintain or improve performance
Examples
Improve workspace
Increase productivity
Increased motivation
Stakeholder loyalty
Good facilitation
Rewards
Strategies
Clear objectives
Competent staff
Communication
Employee involvement
Integration
Momentum
Risks
Change management
Reputation
Resistance
Failure
Resources
Employees
Investments
Unrealised benefits
User adoption
Customers & Suppliers
Mitigation
Cost of risks
Cost of change vs. no chage
Change?
No
Fear
Timing
Cost
Cost- benefit
Resistance
Short vs. long term
Yes
Cost-benefit
Timing
Long vs. short term
Innovator's dilemma
Poor marketing
Restrictive management
How & when to change