Final answer:
Globalization, technological advancements, and market competition are the reasons that led to the significance of change management competencies. The correct answer is option A), B) and C).
Step-by-step explanation:
The significance of change management competencies is led by several reasons: globalization, technological advancements, and market competition. These factors have all contributed to the need for organizations to effectively manage and navigate change in order to stay competitive in the modern business world.
- Globalization: The expansion of markets and increased competition from other regions and countries requires businesses to adapt and change their strategies to remain competitive internationally.
- Technological advancements: The rapid development of technology has created new opportunities and challenges for organizations. They need to adopt and integrate new technologies to stay relevant and competitive in their industries.
- Market competition: The level of competition in markets has increased due to factors like globalization and technological advancements. To survive and thrive in this competitive landscape, organizations need to embrace change and continuously improve their operations and offerings.