JKX Oil & Gas plc (JKX) is a UK based hydrocarbon exploration & production company, listed on the London Stock Exchange. JKX concentrates principally on projects in Ukraine & Russia. This study will point to a strategy for JKX Oil to gain a competitive advantage in Russia and the Ukraine. This study will consider the strategic leadership of JKX through examining strategic leadership strategies which affect JKX .The aim is to establish a strategic plan that will be advantageous to JKX and the most effective way in which the plan can be implemented. It is therefore important to address the issue of the meaning of strategic leadership .This issue is analysed and discussed in ...view middle of the document...
1.2 Defining Organisational Change
Kotter (1995) suggests that “For change to be successful, 75 percent of a company's management needs to "buy into" the change. In other words, you have to work really hard on Step 1 and spend significant time & energy building urgency, before moving onto the next steps. Don't panic & jump in too fast because you don't want to risk further short-term losses – if you act without proper preparation, you could be in for a very bumpy ride.”
Kotter. (1995) lists 8 steps in managing change, these are:
Step 1: Create Urgency
Step 2: Form a Powerful Coalition
Step 3: Create a Vision for Change
Step 4: Communicate the Vision
Step 5: Remove Obstacles
Step 6: Create Short-Term Wins
Step 7: Build on the Change
Step 8: Anchor the Changes in Corporate Culture
Management of Change is the processes, tools & procedures for managing the people involved in change management. An assessment of the scope of the change will be carried out, including who, and how many people are affected. According to Senior and Swailes, (2010) there are four types of change; the scope of change being incremental, or Big Bang and the scale of change is realignment or transformation. (See attachement 1)
Yılmaz & Kılıçoğlu (2013) assert that “Some common reasons for resistance to change within organizations include interference with need fulfilment, selective perception, habit, inconvenience or loss of freedom, economic implications, security in the...