Change Management Essay

2722 words - 11 pages

Sunday, November 22, 2009Analysis of Change Tools and Techniques in the Current Economic Climate
Section

Topic

Page

1

The Current Economic Climate and its Impact on Change Programmes

3

2

Nature of the Change Process during the Current Economic Climate

4

3

A Review of Popular Change Models

5

4

Application of Various Change Tools & Techniques to Kotter's 8-Step Change Process by Change Leaders

7

5

References

10

Table of ContentsThe Current Economic Crisis and its Impact on Change ProgrammesWe live in a moment of history where change is so speeded up that we begin to see the present only when it is already disappearing. - R. D. LaingWhile it is a fact that we live in an era where transformation is common and fueled by global competition and a fast-paced business environment, the challenge companies face amidst the current economic crisis are different. Companies all over the world are being forced to examine fault-lines in their business under the pressure of sharply reduced demand, the failure of suppliers and partners, limited access to finance, downward pressure on prices, and other consequences of the downturn - hence leaving them no choice but to attempt fundamental changes in their processes, systems, structures and behaviors not only to prosper but also to merely survive.According to a survey conducted in July-August 2009 by the Economist Intelligence Unit for over 500 companies in the United States and Europe, over 59% of the respondents said that the crisis had revealed shortcomings in their organization that they are attempting to address. (The Economist, 2009) While some firms find this an unfavorable environment to implement changes for the fear of subjecting the organization to greater strain, for most others it is an ideal opportunity to implement change efforts in order to adapt to the shifting market conditions or to improve their competitive positioning. Due to the unique external environmental conditions during an economic downturn, the objectives and nature of the Change Programs in most organizations is largely specific these times. According to the Economist Intelligence Unit Survey, the primary areas of change that have been implemented since the onset of the crisis are Reduction of Spending Budgets, Staff headcount reduction and Changes in Business Processes. (The Economist, 2009)(Respondents selected top three changes) Source: Economist Intelligence Unit Survey, 2009 (The Economist, 2009)The Nature of the Change Process during the current economic climate is unique:Selection of the Change Programmes - Focus on 'Must Dos'When an organization is in crisis, the first change project within the larger change process is often the 'save-the-ship' or turn-around effort. For six to twenty-four months people take decisive actions to stop negative cash flow and keep the organization alive. The second change project might be associated with a new strategy or re-engineering. This could then be...

Find Another Essay On Change Management

Change Management Essay

783 words - 3 pages      Companies and organizations are changing continually to be more efficient in what they do. Change is not always readily accepted. Many people like to stay where they are and become comfortable with their current position. Business writers and managers have stated that unless organizations continue to change, they will become stale and inefficient. There have been many change management initiatives such as Total

Change Management Essay

1481 words - 6 pages Change Management The purpose of this paper is to discuss organizational change and the management of that change. I will talk about the different drivers of change, the factors a leader needs to weigh to implement change effectively, the various resistances a leader may encounter while trying to implement change, and how various leadership styles will effect the realization of change. I will also discuss the knowledge I have gained through

Change Management

2482 words - 10 pages 1. IntroductionChange Management is the process of developing a planned approach to change in an organization. It is designed to maximize the organizational and staff members' benefits and to minimize the risk of failure in the process the change implementation. Both sides have to work together for results. Change management provides organizations with knowledge, tools, and resources of change that provides organizations with a key process to

Change Management

2045 words - 8 pages What a manager does and how it is done can be categorised by Henri Fayol’s four functions of management: Planning, Organising, Leading and Controlling. Through these functions managers can be catalysts for change or by definition change agents – “People who act as catalysts and manage the change process.” (Robbins, Bergman, Stagg and Coulter, 2000, p.438) Wether performing the role of the change agent or not, change is an integral part of a

Change Management

1476 words - 6 pages Change Management "Toto, I’ve got a feeling that we’re not in Kansas any more." Dorothy, Wizard of Oz Over the past few decades, large-scale organizational change has become a way of life in American business. Many organizational changes, however, have failed to deliver promises of increased productivity and morale, decreased costs, decreased waste , and increased customer satisfaction. A common theme among these failures is a lack

Change Management

1642 words - 7 pages Change Management Change management according to many becomes essential for the following reason: external pressure; which can encompass competition, new technology, cost, and regulation changes. Furthermore, economic and social conditions can escalate long-term change necessary. This paper will discuss several aspects of change management models, theories, and application thereof. In addition, it will provide overviews of the drivers of

Change management

739 words - 3 pages 1.CHANGE AND LEADERSHIP 1.1 INTRODUCTION Change is inevitable. As Albert Einstein states, "…there is only one constant in this universe, and that constant is …change". Accordingly organizations also must recognize change as a normal management process, now more than ever, since the corporate world is in a state of constant change. The ways of change management for different organizations are probably not the same, but the purpose

Change Management - 799 words

799 words - 3 pages that have to happen - will require a full discussion of the problem that has led to the need for change; give these people the power to implement the change effectively. Most effective way to change something is to develop a team approach.References:French, W., Bell, C. & Zawacki, R. (2005). Organization Development and Transformation: Managing Effective Change (6th ed.).Robbins, S., & Coulter, M. (2007). Management (9th ed.). Upper-Saddle River, NJ: Prentice Hall.

change Management

1127 words - 5 pages that are commonly used by many organizations are Lewin's change management model, Kotter's 8-step change model and McKinsey's 7S framework approach. Each model has its own unique twist to developing and initiating change. The desire for change, the need for change, and the organization will determine which model of change is necessary.Created by Kurt Lewin in the 1950s, the change management model focused on three stages of change. Lewin

Change Management - 4923 words

4923 words - 20 pages PAGE PAGE 2 Management of change Running Head: Managing Change and Organisational InnovationManaging Change and Organisational Innovation[Name of the student][Name of the institute]Managing Change and Organisational InnovationIntroductionThe oxford dictionary defines change simply as "make or become different". In essence change if the movement from one situation to another, whether deemed positive or not. The way in which this change is

Change management

2743 words - 11 pages apart from being an effective process of improvement, it is also a powerful management tool for bringing change for all round improvement.The practical example, validity and utility of the model:A wide variety of organizations have implemented the program under TQM, Six Sigma, rigorous implementation of ISO and using it as a management tool of continuous improvement. The famous examples are Japanese Auto and Electronics products manufacturing Cos

Similar Essays

Change Management Essay 2168 Words

2168 words - 9 pages Change Management Change is not something to be taken lightly. "This issue of change is one of the greatest challenges in the workplace today" (Fralix, P., 1998). One of the pitfalls of change within an organization is employees' fear of what change will bring. Will implementing new technologies destroy my job? Will I be able to keep up with the changes in my organization? These are some of the questions that bring about employee

Change Management Essay 2211 Words

2211 words - 9 pages Change Management "Change is the only constant, we are told" in the twenty-first century marketplace(Ojala, 1997, p.1). In order for many companies, organizations, or institutions to stay competitive in their fields, they must be prepared for change and the effects of that change. According to a 1994 American Management Association and Deliotte & Touche LLP study "approximately 84% of American companies" are experiencing some type of

Change Management Essay

4122 words - 16 pages Change Management 3Running Head: CHANGE MANAGEMENTChange Management[Name of the writer][Name of the institution]Executive SummaryThe study aims at exploring the impact of change management and how well it can lead to boost the performance of the organization. It is a fact that each organization is a complex human system, with its own characteristics, its own culture and its own organizational climate. The study focuses on to highlight the

Change Management Essay 914 Words

914 words - 4 pages Change Management The world in which business operates is changing at a rapid pace. Developments in technology, communications and competition have forced businesses to update their work practices and become globally competitive. Pressures for change in business can arise internally, that is from staff or management observing current processes, or from external pressures like changes to government policies. There are several pressures