What are the three acts performed during the process of change and innovation?

The process of change and innovation often consists of specific acts that are essential for effective transformation within an organization. Recognizing the need for revitalization is crucial because it initiates the change process and helps stakeholders understand why change is necessary, creating a sense of urgency. This is followed by creating a new vision, which involves developing a clear and compelling picture of the desired future state, guiding and motivating employees throughout the transition. Finally, institutionalizing change ensures that the new practices and behaviors become ingrained in the organizational culture, making change sustainable over the long term.

This framework emphasizes the importance of not just initiating change but also ensuring that it becomes a lasting part of the organization’s identity. Other options focus on various aspects of management but do not encapsulate the comprehensive steps that specifically address the holistic nature of change and innovation as detailed in the chosen response.