Topic 2 Flashcards
What is change management
Change management is a broad expression which refers to the process of managing a Business transition from its present state to a different, desired position. it is a tactical, structured approach that aims to enhance a company’s performance and maintain its competitiveness
Corporate culture (Drivers of change)
Corporate culture is the values and beliefs embedded in a business and its employees distinguishes different companies from one another. this is known as corporate culture. Business Leaders are responsible for creating corporate culture by implementing procedures and rewards schemes that reflect the business employees and a strategic plan
Management styles
Management styles within a organisation can be a driving force of change because the approach that management adopts in response to change influences the business outcomes. Management is responsible for instigating change and must motive stakeholders, communicate clearly and manage employees who are resisting to the change.
What are the four principal management styles
- Autocratic
- Persuasive
- Consultative
- Participative
what are organisational structures
a company’s organisational structure details the duties of employees and the management hierarchy within a business. Changes to a Business organisational configuration may include altering the structure of employee positions, the chain of command, or the management framework. These modifications may be necessary when a business expands internationally, downsizes, merges with another company, or acquires another company
what is competition examples to a business
- new rivals entering
- Existing competitors modifying their pricing or advertising strategy
- Introducing new products
- adopting updated technology
What is legislative compliance
Federal state or local legislative changes can necessitate change within businesses, as failure to comply could lead to fines or other consequences. the introduction of new laws can also compel businesses to alter their practices to ensure compliance. Hence legislative conformity is a driver of change.
What is performance management
When management assess the performance of a company and its employees to optimise the achievement of its objectives it is known as performance management. Strategies to enhance the performance of employees can be identified by performance management, while overall productivity can also be improved by reviewing to the business’s process
What are the four stages of performance management
- Set objectives
- Measure performance
- Provide feedback
- Identifying needs
What is the Lewin’s force field Analysis
Kurt Lewin’s force field analysis is utilised to detect and examine the driving forces and restraining forces for the implementation of a suggested change
What are strategies for overcoming resistance to change
- Leadership and management play a large role in overcoming resistance to change. the following are some strategies that can be implemented to assist this.
- Communication is a crucial low-risk strategy for overcoming resistance to change. Honest, effective communication throughout the transformation phase is essential to ensure that stakeholders are supportive of and dedicated to change
What are examples of communication methods
- Emails
- Reports
- In-person conversations
- Formal or informal meetings
What are consultants and professional services
Consultants are external professionals appointed by business to offer advice on particular issues within business and analyse efficiency and effectiveness. They may assist post-mature businesses by identifying techniques to minimise expenses, developing strategies to recoup market share, or pinpointing expansion opportunities
what is Force field Analysis and change management
Lewin’s force field analysis is a common change management approach used by businesses to implement change. According to the force field analysis concept, situations are maintained by an equilibrium between driving forces and restraining forces, and the former must be strengthened or the latter weakened for he situation to shift and the change to occur. This change management technique maximises the probability that the change will be successful as it assists businesses to identity obstacles and overcome them.
Strategies for overcoming resistance to change and HR management
Implementing strategies for overcoming resistance to change is a form of HR management as its relates to managing employee-related issues within a business. The five primary strategies, including communication, participation, negotiation, manipulation and threat, all focus on managing employees to counteract resistance and foster support for the change, which constitutes HR management