Change Management: Brief View

Definitions

Change management is a structured approach for ensuring that changes are thoroughly and smoothly implemented, and that the lasting benefits of change are achieved.

Change management is the approach to driving adoption and usage so initiatives deliver expected results and outcomes.

 Change management means defining and adopting corporate strategies, structures, procedures and technologies to deal with changes in external conditions and the business environment.

Drivers of Change

Change in any organization is driven by the following factors:

  • Technological evolution
  • Process reviews
  • Consumer preferences
  • Competition
  • Acquisitions and mergers
  • Organizational restructuring

Reasons for Change

  • Globalization
  • Technological changes
  • Competition
  • Customer demands
  • Input costs
  • Legislation

Importance of Change Management

Change management has got a tremendous importance because it:

  • Minimizes resistance
  • Increases engagement/ participation
  • Improves performance
  • Reduces costs
  • Enhances innovation

How to Manage the Change

  • Communicate with people about the change
  • Involve teams in decision making
  • Minimize uncertainty
  • Explain the reasons to change
  • Transparency

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