What does the 'change curve' theory explain?

The change curve theory illustrates the emotional stages that individuals typically experience during transitions and transformations. It is crucial for understanding how people react to change, as it outlines a sequence of feelings that often includes shock, denial, frustration, depression, experimentation, and eventual acceptance. By recognizing these stages, leaders and change managers can better support employees throughout the change process, addressing their emotional needs and fostering resilience. This understanding helps to create a smoother transition within the organization, ultimately contributing to the success of the change initiative.

The other options do not accurately reflect the purpose of the change curve theory. The financial impact of organizational change, the design of new projects, and methods for tracking change progress are all separate considerations that do not address the emotional responses involved in managing change.