Contrast incremental, strategic, and transformational change.

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Contrast incremental, strategic, and transformational change.

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Contrast incremental, strategic, and transformational change.

Answer & Explanation (1)

Here is a tip:
Change is an important part of business and can be done at various scales.

Explanation
The differences among various changes are discussed below:

Incremental change involves small changes such as altering work timing. Strategic change involves changing the strategies such as acquiring a new organization. Transformational change includes changing the course of business such as a bicycle organization starts manufacturing airplanes.
Incremental change can be done in a particular area such as work timing or work process. An organization's entire strategy needs to be changed for implementing strategic change such as after acquiring a new organization, an organization needs to make the strategy as per both organizations' core competencies. In transformational change, an organization may need to make whole new processes, strategies, policies, and marketing.
Incremental change is done within an organization and at a small level, so low funding is required. Strategic change involves huge funding for implementing a new strategy successfully. Transformational change involves the restructuring of the business, which may require a whole lot of funds. For implementing transformational change, an organization generally sells its old business to acquire funds for the new business.
Verified Answer
The differences among various changes are:

Incremental change denotes little changes, strategic change denotes larger changes, and transformational change is where an organization undergoes restructuring.
Incremental change brings changes in certain areas, strategic change brings changes in strategies, and transformational change brings a total restructuring of goals.
Incremental change requires lower funds, strategic change requires high funds, and transformational change requires maximum funds.

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