Why the Digital Age Demands Decision Makers to be Like Elite Marines and Zen Monks
February 7, 2025
Bankruptcy is one of the natural states which a company may find itself in. Entrepreneurship is primarily about taking risks. When companies take risks, some of them succeed, whereas others fail. Hence failure is a natural part of the business. However, many critics of bankruptcy laws believe that there isn’t a need for an elaborate […]
What is the Wirecard Scandal all about and Why it is a Wakeup Call for Whistleblowers Anyone who has been following financial and business news over the last couple of years would have heard about Wirecard, the embattled German payments firm that had to file for bankruptcy after serious and humungous frauds were uncovered leading […]
How Modern Decision Makers Have to Confront Present Shock and Information Overload We live in times when Information Overload is getting the better of cognitive abilities to absorb and process the needed data and information to make informed decisions. In addition, the Digital Age has also engendered the Present Shock of Virality and Instant Gratification […]
Geopolitics, Economics, and Geoeconomics In the evolving global trading and economic system, firms and corporates are impacted as much by the economic policies of nations as they are by the geopolitical and foreign policies. In other words, any global firm wishing to do business in the international sphere has to be cognizant of both the […]
In the previous article, we have already come across some of the reasons why the government should not encourage funding of stadiums that are to be used by private franchises. We have already seen that the entire mechanism of government funding ends up being a regressive tax on the citizens of a particular city who […]
Several models of Change Management have been suggested by several management consultants, social scientists and clinical psychologists till date for implementing planned change successfully. But these models are continually revised or adapted as per the changing times or forces of business.
Change Management Models establish the framework or can be regarded as the starting point in the implementation of change across the organization by ascertaining the need for change and they set the scene for implementation of various change interventions across the organization.
Each Model of Planned Change rely on certain theories which describe the different stages of change management and how it affects the various levels in an organization. If we review the literature, a lot of confusion exists in understanding the difference between models of change and change strategies.
According to Sadler (1996, p. 49), an organizational strategy can be regarded as the means for realising the ultimate goal or focal objective. It involves defining the vision and mission, long term and short term plans, operational objectives, values and organizational ethics and tactics. While, on the other hand a model of change encompasses the assumptions and beliefs which when combined together in a systematic manner, result in bringing about change in an organization (Tichy 199). Thus, it can be said that the models of change lay the framework for formulation and implementation of strategies.
Change Interventions can be subdivided into three broad categories:
If we examine all the three interventions of change management, we will understand that all these interventions lay stress on the role of leadership, strategic planning, involving employees in the overall process and proper communication. Hence, for successful implementation of change, the models of change management or approaches should be considered.
According to Burke and Trahant (2000), for gaining a competitive edge over the competitors, an organization should have change management processes in place and be able to implement change effectively. These procedures may involve various elements like organizational structure and culture, organizational control, technological developments and transformational leadership.
The nature or the degree of change will primarily depend on the organizational requirements for change. Thus, it can be concluded that change is inevitable and ubiquitous, affects different systems and processes in an organization and mostly involves a transition from known to the unknown state.
Due to the uncertainties involved in the process of change and its widespread impact, organizations must adopt an integrated approach in any change program which should include the structural, behavioural and technological approaches for implementing change across the organization (Harvey and Brown 1996, p. 410).
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