...In a progressively competitive and constantly changing business environment, organisations feel the need to look for quick change options, even if it means not giving proper consideration for the possible ramifications. Change theory argues that change must be considered and planned carefully. However, in this fast-paced business world, the complexities of change are sometimes overlooked in order to implement change quickly, especially in reactive circumstances, which leads to simplistic solutions and the search for one right way to change management. When possible though, change should be considered carefully so it does not act against an organisation’s strategic goals. This essay will firstly discuss the one right way to change and how no change theory is all encompassing, even though many models of change prescribe that it is the definitive change solution. The essay will look at environmental impacts that influence change. The punctuated equilibrium model and emergent change model suggest that the current business environment is volatile and unpredictable, which make planned change hard to achieve every time, especially when change is reactive. This essay will also discuss of the role of a change agent in organisations and whether using internal or consultant change agents affect the change process. On the surface, the one right way to change is unrealistic and potentially goes against the best interests of the organisation. Burnes (1996) argues that theory not only prescribes...
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...Experience with change Lorea Dorgan Organization Theory & Behavior Arlene Supple Western International University March 18, 2012 Experience with change In today’s business world there will always be change. If each and every corporation does not keep up with the changes they will not survive. Look at the company of United Technologies Corporation (UTC). They are continuously changing. They are either selling part of their company or even better they are buying out other companies. They are always looking to outsource and find the most economical way to build their products. They look to see how they can consolidate the factories and move different product lines to factories they feel they can close. According to (Bloomberg Business week, 2006, January 30) globalization has been brutal to the mid-western states. This is why I am living in AZ now. UTC had moved their repair facility to Phoenix AZ. There were many people that lost their jobs and or had to relocate. To strive in this new world one has to be flexible. UTC is proposing the acquisition of another large company name Goodrich. This change will only make UTC a stronger Corporation. “UTC expects that their 2012 earnings per share of 0 to 4 percent from continuing operations including Goodrich.” United Technologies (2012, March 15, para. 1). In turn when the announcement was made that they were making the acquisition of Goodrich, they also made the announcement that were going to be selling off their Industrial...
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...[pic] ❖ Introduction to topic ❖ Important Sub-Topics ➢ E-Business ➢ Global Perspective of e-business • Technological Dimension • Social and Cultural Dimension • E-Business in Pakistan ➢ The Three Phase Change Management Framework For E-business Transformation • Phase I : Vision, Communication and People • Phase – II : Processes & Technology • Phase III : Customers, Suppliers and Other Value Chain Partners ➢ The rules of change management ➢ Organizational and Personal Change Management ➢ Responsibility of Managing Change ➢ Change Management Principles ❖ References [pic] The rate of change in today's world is constantly increasing. To cope with an unpredictable world you must build an enormous amount of flexibility into your organization. Organizations can structure themselves for increased flexibility to respond to change, for example using project teams, virtual structures and networking. Gary Hamel, Professor of Strategic and International Management, states that “corporate leaders [should] build organizations that are as nimble as change itself, to make innovation everyone’s job, and to dramatically increase the returns on human capital” Planning, implementing and managing change in a fast changing environment is increasingly the situation in which most organizations now work. Dynamic environments...
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...Change in almost any aspect of a business enterprise’s operation can be met resistance. Nowadays, changing in business circumstances requires managers to take preventive action aimed at stabilizing the enterprise and resolve conflicts that may threaten the enterprise’s future. Managers will be acting as change agent and responsible for managing the organizational change process. Change agents can be a manager within the organization, but could be a non-manager such as outside consultant who has objective perspective when analyze enterprise’s lack. According to (Robbins and Coulter 2011, p.155) Managers will face three main types of change: structure, technology, and people. Changing structure driven by changes in the external environment or...
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...Business Implications of Climate Change The Case of Phillips Van-Heusen Corporation 2/28/2012 INTROUCTION Along with the stresses of making a business profitable for investors, minimizing costs, raising revenues, and forecasting for growth, one factor that is especially difficult to predict are those incurred by human caused climate change, commonly known as global warming. It is expected that the effects of global warming will greatly affect numerous aspects of the business world. However, not all of the effects are necessarily bad. In fact, it allows for opportunities to better these companies. In this case, the focus will be on global warming’s effects on Phillips Van-Heusen Corporation (PVH). In order to properly attend to this topic, a brief description of PVH, possible threats, opportunities, and an overall conclusion of global warming’s effects on the company will be addressed. To start, we will take a brief look into PVH Corporation as a whole. PHILLIPS VAN-HEUSEN CORPORATION PVH is a large clothing company that owns popular lines such as Tommy Hilfiger, Calvin Klein, Arrow, Van-Heusen, and many more. The major focus is marketing moderately high end clothing. This company tends to focus its clothing lines towards males, however, there are a few lines focused towards women. These clothes range from lounge wear to business suits and everything in between. PVH also produces and sells clothing accessories such as belts, wallets, sunglasses, scarves, etc. This...
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...Literature, Business and Social Change Kareem Jones Reginald T. Bowman Ken Mathias Jerome Mond Business Literature ENG/120 Dr. Andrew Mathis Business literature of the past is similar to modern day business literature; however, in some ways both have differences. Both forms of literary works give insight to the reader regarding one’s life’s struggles and achievements. These forms of literary works allow the reader to relate his or her own experiences to the problems and emotions related to the workplace. Literature communicates past and present changes which occur in businesses. These literary works represents the voice of the people. Past and present business literature assists businesses and its workers to better understand human nature, social and/or political issues and changes emerging in today’s workplace environment. Past literary works in business has focused on the worker and the workplace environment. Themes related to this era focused on ethnicity, equal rights, gender, and organized labor. Injustices and equality of factory workers, non union workers and women are a few examples. However, today’s literary works in business focus on ethics, values, development of new technology, interpersonal and personal conflicts and environmental concerns. Computers and new technology is causing difficulty with people keeping his or her jobs. Companies are globalizing for cheaper labor and downsizing to save money. Some companies want...
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...Critically Analyse the impact of Change Management and M&A’s on the dynamic business environment Contemporary Issues in Management Joshua Travers Submitted for: BA (HONS) BUSINESS STUDIES BOURNEMOUTH UNIVERSITY Date of submission: 13th December 2013 Joshua Travers i7943443 Introduction The author has interpreted the dynamic business environment to be all of the factors, both internal and external, which influence the function of a business. Internal factors include items such as the company's products or services, employees, assets, and marketing. External factors include competitors, stockholders, customers, and economic conditions (Investor Words 2013). This essay will explore how the two issues addressed in the title can impact the central theme; the employee. Failure of engaging with the employee has been highlighted as a major cause to why 70% (Keller and Aiken 2008) of change and 50% (Sher 2012) of M&A efforts fail. This common pitfall suggests that both of these issues impact heavily on the employee and vice versa. The author aims to critique change management and merger literature to provide an extensive view of these issues in the business environment. Once the relevant context is set, the essay will focus towards the employee perspective of these two issues and will apply significant theory to a range of recent examples within the realm of these topics. Change Management Change management can be defined as “the process of continually renewing...
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...The Effects of Change in Business Change in any organization can be a stressful time for everybody involved. Whether changes are caused by the necessity of restructuring, changes caused through attrition in leadership or other means there will inevitably be those who resist even minor adjustments to what they have become accustomed to. According to Baack (2012), the resistance of people to change can be caused by several factors including being motivated by self-interest, from having a lack of understanding as to why the change is necessary, having low confidence in management and therefor not buying into the process or because they have little tolerance for diversion from their established norms. Lack of Understanding Issues Baack (2012), noted that Nardelli possessed many of the traits that are often present in successful leaders; He possessed the imagination and initiative to try out a process improvement philosophy in a way as that is benefitted a different kind of business then what it was traditionally geared towards, he had received a good deal of wisdom from his previous jobs at General Electric and he also had confidence to demand a premium for his efforts which ultimately resulted in his removal. Many of these traits are enviable and desirable but any combination of these does not guarantee a great leader (8.3). As CEO Nardelli took a command and control approach to managing, instituting computerized inventory control and supply ordering systems, reducing the...
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...MEMORANDUM Emerging solutions enabling consumers to finish group-buying using mobile phones are disrupting established payment models. Group-buying, started from the U.S, was one of the biggest web trends of 2010 in China and is now entering the stage of adjustment. The ‘mobile payment era’ is building on the success of e-commerce and the rising adoption of smartphones has become a significant force among customers. Define the change brought by mobile payment in group-buying Online group-buying is a new business model refers to a certain number of consumers join together as a group via Internet to buy a certain product or service with a discount. Before mobile payment was introduced in group-buying, customers can only browse the sites every day and buy the deals through online banking in advance. While after mobile payment became possible, customers can use the apps on smartphones buy movie tickets deals minutes before the movie start. According to the Apple stores’ statistic, more than 10 group-buying apps ranked top 50 under “lifestyle” category. Computer is no longer the only carrier in group-buying industry. Explain why mobile payment changed group-buying The concept of cnQianBao (China wallet) for group-buying was first raised by Lashou in 2011. Technology, rapid adoption of smartphones and customer’s increasing demand are the reasons. First of all, the mobile phone has been one of the fasted developing technologies ever seen. In little more than a decade...
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...women currently are changing the future of business entrepreneurs through history have made a difference during their lifetime. During the 19th century Andrew carnegie was the wealthiest businessman and a owner of a famous steel company. This man was either a nice person that gave away his money to the public or made people suffer by paying his workers less, or even having workers lose a leg to maintain their family. Andrew Carnegie came from an immigrant family that immigrated to the United States when he was a young boy. During his childhood he would worked a series of railroad jobs. However, by 1889 he owned his own steel corporation, that was known as the largest in the world. This exemplifies that even though Andrew Carnegie came from a difficult childhood he still was available to face the challenges of the world later on in life as a successful businessman but affected the way he treated people....
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...women currently are changing the future of business entrepreneurs through history have made a difference during their lifetime. During the 19th century Andrew carnegie was the wealthiest businessman and a owner of a famous steel company. This man was either a nice person that gave away his money to the public or made people suffer by paying his workers less, or even having workers lose a leg to maintain their family. Andrew Carnegie came from an immigrant family that immigrated to the United States when he was a young boy. During his childhood he would worked a series of railroad jobs. However, by 1889 he owned his own steel corporation, that was known as the largest in the world. This exemplifies that even though Andrew Carnegie came from a difficult childhood he still was available to face the challenges of the world later on in life as a successful businessman but affected the way he treated people....
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...COURSE: BUSINESS TRANSFORMATION AND CHANGE TOPIC: Introducing Change. Change is one thing that has been a constant recurring decimal in man, his environment, and in the business of man, since the creation of any living being. Man has witnessed incremental change in all aspects of life in an attempt to adapt to the environment. These environmental changes on earth can be traced back to 66 million years ago. For example, we hear of the age of the dinosaur, which dominated the earth at a time. According to Diamandis & Kotler (2015) their reign did not last because they could not adapt to the sudden changes in the global environment that followed as a result of earthquakes and environmental degradation of that time. They became extinct and mammals became the new surviving dominant animals. “This tale of colossal impact, radical transformation, and spectacular rebirth has relevance today, especially to business” (Diamandis & Kotler, 2015, p.x). These theorists and practitioners have introduced new concepts of change which they called Exponential growth thinking and linear growth thinking in management theory and practices. They identified six stages of exponential growth, which they called the six Ds: Digitized, Deceptive, Disruptive, Demonetized, Dematerialize, and Democratized (Diamandis & Kotler, 2015, p.8). The exponential growth will lead to abundance in the future and they buttressed this fact with new evidence for abundance in their second book, Abundance (Diamandis...
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...Economic contractions, troughs, expansions and peaks are unpredictable phases of economic activity referred to as economic business cycles. The gross domestic product, or GDP, is the total market value of goods and services the country produces. As the economy goes through business cycle changes, these positively or negatively affect the GDP. Economic Contraction During a contraction, economic output slows, usually due to decreased demand for products and services, an increase in the cost of raw materials or both. This means that companies are not making as many products or offering as many services. As a result, companies will begin to lay off employees and the unemployment rate begins to rise. Since GDP is a measure of the value of economic output and during a contraction output decreases, the GDP also decreases. Even though the GDP decreases during a contraction, it is still positive. Economic Trough An economic trough occurs after a contraction. A historically high national unemployment rate and low economic output usually mark this trough, which often signals that the economy is already in or heading toward a recession. Unlike a contractionary phase in which the GDP decreases but is still positive, during a trough the GDP is negative. A negative GDP means that economic output does not grow at all. Economic Expansion After the "rock bottom" of an economic trough, expansion is its recovery. If the economy grows for two or three consecutive calendar quarters, it...
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...1. What were the triggers of cultural change in Japan during the 1990s? How is cultural change starting to affect traditional values in Japan? During the 1990s a prolonged economic slump forced quite a number of Japanese companies to change their ways of doing business, like abandon the “Confucian values”. Younger people, who saw this, begun to question themselves if it’s meaningful to be tied to a company for life. Furthermore they saw that the western ideas of doing business seemed to have greater possibilities and more freedom to move around. These are the reasons why western values become more and more important in the Japanese life and bit by bit affected the traditional Japanese values. 2. How might Japan’s changing culture influence the way Japanese businesses operate in the future? What are the potential implications of such changes for the Japanese economy? The generation born after 1964 has other new views how to act with a company. Nowadays the employees feel more important for themselves, for example for their career, than for the company. The new generation will make individual effort and won’t work for a greater good of their company for all employees. Therefore companies has to change their programs of benefits. They have to support individual performance stronger and don’t base it in a seniority pay system and reconsider about the sense of the rest of the benefits given to every employee as a part of the Confucian values. 3. How did traditional Japanese...
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...Organizational Change Name: Institution: Instructor: Course: Date: Abstract The report looks at the process of change in organizations. It examines the stakeholders and how a change which in this case is downsizing would affect them. The paper also looks at how downsizing affects people with interests in a company, that is to say the stake holders who are adversely affected. The reasons why change in most cases results in these effects is examined. Then the report also looks at the methodology that could be used in the implementing changes in the organization in a managerial level so as to minimize the re-occurrence of the effects that are not good to the business and those with vested interests. Introduction There are many ways in which a business can be affected by change. Some examples of changes that are made in the organization include downsizing; changes made in the structure of the organization, and at times even change in processes carried out in the organization. All these changes are usually necessary to enable the organization or business adapt to some of the changes in its operating environment (Kreitner, 2008). All these can be summarized using one word, ‘restructuring’. It could also be referred to as re-engineering. In order to be successful in today’s competitive world, an organization has to embrace this important aspect in its day to day operations. This change can be for the whole company, or can only involve certain parts of company. Restructuring...
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