700-1000 words APA Format plus refrences Respond to the scenario below with your thoughts, ideas, and comments. Be substantive and clear, and use research to reinforce your ideas.Now that you have gained an understanding of Red Carpet, Leroy has asked you to join in on a preliminary meeting with the VP of HR and other members of the organization to discuss change. The meeting was very tense because many employees are unsure of their role in the change process. In fact, the VP of HR has not settled yet on what type of change is needed or how to start up the change process. After the meeting, Leroy asked you to prepare an executive summary that could be provided to the VP of HR that would help to address these concerns.Review the Red Carpet scenario for this course and prepare a 7501000 word executive report that includes the following:What type of change does Red Carpet need? Should it be transformational, developmental or transitional and why? What employees or employee groups should be key stakeholders in the change and why? What initial activities should be planned to begin the change process?