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Stategy And Change - Essay Example

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Stategy And Change

Accepting the fact that change is inevitable individuals and businesses have directed effort to equip for change management than resisting to retain current status. Change management, simply stating implies efforts and mechanism employed for the meeting the demanding pressures of adaptability from change. Jung (2001) defined change management as transition from one stage of existence to the other. In accordance with Jung (2001) the stage from which the individual and business are attempting to move from can be defined as the state of problem whereas the state to which the efforts are intended to direct the subject is the state of problem solution. Change management is broad domain of study. Change management can be required in the product portfolio, business processes, organisational culture, people, technology, structure and so on so forth (Daft and Marcic, 2006). Each aforementioned sub- domain, though not limited to, has its own expansions. For instance the change management in the technological domain has been among factors that have taken lead in today’s organisational context. ...
team based structure from traditional formats of increasing hierarchy levels. Apart from the change management in various components of business another classification of change has been emergent change and the planned change. Former refers to the situation where business on whole or the processes are forced to change with the changing business environment. The latter mode of change is one in which organisation deliberately plan to change. For example, organisations in the contemporary business world are forced to infiltrate efficiencies in their business model that are mere necessary for survival. Marks and Spencer being among the most preferred brands of UK faced steep decline in sales in 1990 due to increased low cost offerings in UK market from competitors having manufacturing set ups in cheap labour emerging markets. In contrast to M&S strategy of providing “Made in UK” incurred increased cost. Therefore, M&S had to adapt to change with business model shifting manufacturing from local country to low cost emerging countries. While planned change example can be seen as today’s businesses are moving towards sustainable business models such as improving entire business processes to energy efficient process or using renewable energy etc. Planned change has significant distinction from the other changes mainly. As name implies the planned change is intentionally initiated by the people for particular purpose. Further also noticeable fact is that planned change has preparations done and planned it accordingly. However, even within planned change the response to change varies such as some change implementation requires autocratic imposition whereas participative methodology is also adopted based on the wide range of ...Show more

Summary

“IS THERE ONE BEST WAY OF MANAGING CHANGE IN TODAY’S BUSINESS ENVIRONMENT?” World has become extremely fast paced in the current time. Due to increased interconnectivity every change in one corner of the world has been affecting the entire world. Example of recent global financial crises best suits to the proposition as the change in the business market in one economy had rippled impact on almost entire economies of the globe…
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