Final answer:
The four fundamental questions that executives should answer before worrying about the details of selecting changes and performing change management are: Why engage with change? What are the benefits of change? What are the risks of change? What are the costs of change?
Step-by-step explanation:
The correct answer to the given question is option (a) Engage, benefits, risks, costs. When executives are considering making changes in an organization, it is important for them to understand why they should engage with change, what are the potential benefits and risks associated with the change, and what are the costs involved in implementing the change.
For example, if a company wants to introduce a new technology system, the executives should first understand why they should engage with the change, such as improving efficiency and productivity, increasing competitiveness, or reducing costs. They should also consider the benefits of the change, such as streamlined processes, better data analytics, or enhanced customer service. Additionally, they need to assess the risks involved, such as potential disruptions during implementation or resistance from employees. Finally, they should evaluate the costs of the change, including the investment required for the technology system and the training of employees.