3.6. Managing change Glossary Flashcards
Organisational Change
A process in which a large company or organisation changes its working methods or aims, for example in order to develop and deal with new situations or markets.
Transformational Leadership
Where new leadership such as the CEO brings about a change with the purpose of improving business performance.
Managing Change
The activity of planning for, implementing, coordinating and monitoring the process of change that naturally occurs in all businesses.
Project Management
The activity of delivering the required change with a predetermined set of resources e.g. time, personnel and money.
Promote Change
The process of gaining acceptance of change by different stakeholders. This is likely to lead to change being seen in a more positive light and will allow it to take place with less disruption.
Management of change
The process of organising and introducing new methods of working within a business.
Business Continuity Plan
Shows how a business will operate after a serious incident and how it expects to return to normal in the quickest time possible.
Risk Assessment
Identifying and evaluating the potential risks that may be involved in an activity that a business proposes to undertake, ensuring compliance with health and safety legislation.
Risk Mitigation Plans
Identify, assess and prioritise risks, and plan responses to deal with the impact of these risks on the operation of the business.
Scenario Planning
A strategic planning method designed to explore uncertainties, learn how to protect the business from their worst consequences and prepare how to exploit any opportunities that might present themselves.
Succession Planning
Identifying and developing people who have the potential to occupy key roles in a business in the future.
