Organizational boost the financial situation of a company.

Organizational
Change management is an independent entity that deals with changes and modifications
in an organization while change management suggests changes to departments,
teams, groups and other areas which require care and attention. Change
management is associated with various tools, varieties of techniques and
activities that aim to bring forth changes in an organization, for a desired
business outcome. Change management convey different meaning to different
people. It could alter employee’s job responsibility, position or even his job
role in the company.  People’s
perspectives give different meaning to the process of change management. For
some it’s a mere change but when we understand its depths we can realize it’s
not a small change. Change management is a field of study which deserves much
more attention than it receives now days. May it be an acquisition, may it be a
merger or a takeover change management and change manager is responsible for
all the changes and he is concerned with protecting the interest of the
employees. Change management could also boost the financial situation of a
company. Change management is initiated with a view to maximise the return on
the investment and the financial situation of a company.

THEORITICAL FOUNDATIONS

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Change
management can also affect a company’s performance in both positive and
negative ways. The changes can sometime motivate the employees while sometime
it may discourage the employees. Change management has to be done in a careful
manner that the company and its goals are un-affected by the process. Change
managers are the ones who are entrusted with the process of change management;
they need to compare the good and bad effects of the proposed change before
adopting it. The decision to implement the changes in an organization
determines the future of an organization. It alters the ways in which work is
done in an organization. It affects the usage of the resources and can reduce
the wastage of resources to boost the productivity up to an extent.  

 

 

 

BASIC CONCEPTS

DEFENITION A

ACCORDING TO
BEER, EINSTAT & SPECTOR, 1990 “ORGANIZATIONAL CHANGE IS A PROCESS BY WHICH
A LARGE COMPANY OR ORGANIZATION CHANGES ITSWORKING METHODS OR AIMS. REASONS FOR
DESIRES TO RE-ORIENT MIGHT INCLUDE THE NEED TO DEVELOP AND DEAL WITH NEW
SITUATIONS OR MARKETS”. Organizational change is an inevitable thing in today’s
world due to the accelerated rate of merger, takeovers, and acquisitions. It is
not a simple entity or factor to be left of no importance. The major factor
driving the organizational change is the increased competition in the daily
world. Firms are diversifying themselves to survive in the future. Eg:
Amazon-started just as selling books and DVDs’ and later they began to
diversify and expanded their area of work to cloud, artificial intelligence and
even to space engineering.

 

DEFENITIONS B

Organizational
changes could be defined as the measures, actions, counter steps adopted by an
organization to survive in long term or to realign itself with the dynamic
business environment. Organizations must deal with the constantly changing
atmosphere around it and try to move in terms in with it. if it fails to move
accordingly it may be doomed to fail, so it is very important that organization
must according to the changing environment. In our daily life we are coming
across various factors such as new technology, new machinery etc. sometimes
it’s necessary to cut the cost, sometimes firms needs to replace humans with
machinery. The success of change management also depends on the level of
education provided to the ground level employees and their understandings. Only
with the co-operation of all employees, can be such a change initiated.
Communication play’s such an important role in the change management. According
to the statistics report the major resistance to the change management is faced
from the employees when there happens an effective communication it would be easier
for the organization to apply change management

 

 

 

LITERATURE REVIEW

‘Research
studies in organizational change’ in India suggests that now a days the terms
such as organizational change and organizational change are taken out of
context and used frequently. (Singh , 1990, 2002: bhandarkker,
2003) defines organizational change as a substitute for organizational revival.
(Jimmieson et al., 2004) also explains organizational change as a change in the
organizational climate as a response to change in organizational environment.
According to Powell & DiMaggio, 1983) organizational change is explained as
a response to the changes and pressure in the outer environment or it could be
identified as a self changing process adopted by the organization to survive
and stay alive in the future period. Change management models are ways of
representing how an organization could be changed according to its surroundings.

According to
Clarke 1994,”he also explains change management as a way for survival and
growth of the organization. In a theory suggested by beckhard, which is widely
used as beckhard’s change plan the process for changes are explained well

Beckhard’s
change plan

·       
Fixing
the goals and anticipating the future organizational challenges   

·       
Having
an Understanding and knowledge about the current situations

·       
Explaining
the change process and the requirements to make it practical

·       
Developing
new methods and tactics which are essential for managing the change process        

 

METHODS

In my
journey to discuss current issues and challenges in challenges in change
management I have made use of secondary data. Various research papers and old
reports were studied to get an insight in to the daily problems and challenges
in change management. Though I was not able to get any first hand information
about the topic I got access to good secondary data sources which were
trustworthy and of good quality. I made use of various web sources to get an
insight about the topic. Also made use of descriptive research to analyze and
examine the facts and the results

 

 

RESULTS

The major
change management theories I came across were

·       
Lewin’s
change management model

·       
Beckhard
& Harris change management model

 

Implication of which helped to achieve

 

·       
Cost
cutting

·       
Instant
results

·       
Efficient
and progressive change.

In Lewin’s model we can see a transition process which takes
three major steps unfreezing, changing & refreezing. While at the other
hand bridges transition model has four steps starting from internal
organizational examination to having a follow up of the transition process

 

Discussion & Outlook

The problems faced against change management were

·       
Initial
opposition-whenever there is a change it takes some time to get used to it and
at the first stage its common to face some opposition from workers

·       
Lack
of education & communication-there needs to be a proper education and
communication to each and every member. If it is not done without proper
education, it could become a failure

·       
Failure
to convince the low level employees-all upcoming changes somehow impact the low
level employees directly or indirectly, so make them aware of it

·       
Sudden
changes-sudden changes or the changes that quickly initiated are prone to more
errors and mistakes.

·       
Lack
of understanding in the top management- Sometimes change management fails
because the top management fails to reach an agreement over the strategies and
plans to be followed

·       
Lack
of planning and short term vision-change management is an activity that
requires lot of care & attention. The activities and the progress have to
be reviewed time to time in order to ensure the effectiveness and efficiency.

 

 

THEORITICAL IMPLICATIONS

The
importance of change management is not slowing down. It’s getting accelerated
due to the competitive economy and the globalization processes .In theory
change management is a complex process and quiet hard to accept. According to
the qualitative data also change management can add a lot to the progress of an
organization. In theory change management is a kind of complex process with a
lot of steps and factors to be considered, but in practical situations, if done
accordingly it can bring in a lot of success.

 

MANAGERIAL IMPLICATIONS

From the
managerial point of view Change management contributes a lot to the success of
an organization and making it diverse in order to survive in the long run.
Effective communication in all levels of management and proper education to all
the ground level employees can make this process much easier and fewer
complexes by adopting change management the majority of the firms got
successful results. When done with proper preparations and pre-research change
management can yield good results. Poor managerial skills and in-efficient
management systems could be still a barrier in the course to change. If the
goals and objectives are precisely defined half the problem is finished.

Limitations and future research

The major
difficulty was with the collection of data for this assignment I could only
find secondary data sources. Next limitation wastime, There was not enough time
to cover all the aspects of the topic.

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