Question

Why is important to study Managing for Change?

What do you expect to learn?

Answer 1

Managing for change is when you pro-actively make the most of modifications to benefit your organization.

Change management is a structured plan to ensure that changes are completely and smoothly implemented and that the lasting benefits of change are obtained.

The focus is on the wider consequences of change, particularly on people and how they, as individuals and group, move from the prevailing situation to the new one. The change in the subject could range from a simple process change to significant changes in policy or strategy required if the company is to achieve its potential.

Global connections with constant innovation of technology have resulted in a continually evolving business environment. Happenings such as social media and internet adaptability have revolutionized the industry and the effect of this is an evolving need for change, and hence change management. There has been a plethora of data generated that needs to be scrutinized and putting pressure on the management of changes.

Changing environment in which business do dealings should make it adaptable and so, the ability to control and adapt to organizational transformation is an essential knowledge required in the workplace now. However, major and agile organizational change is extremely difficult due to the structure, culture, and systems of organizations are rigid and tough to evolve in tandem.

Today, contemporary organizational change is mostly motivated by outside innovations rather than internal stimuli. With these developments, the organizations quickest to adapt to create a competing advantage for themselves lead the race. This can be visible in profit as well market share.

We can learn about

1) Frameworks required to change

2) Stakeholder Management

3) Competetive analysis

4) Communicating change