Change Chalenge And Management

Change, Challenge, and Management

INTRODUCTION

Few words can strike more fear into the heart of an individual than “change.” We are creatures of habit and feel most secure when we are doing what we know. But how are the three distinct words-‘Change’, ’Challenge’ and ‘Management’, connected?

These words are interconnected and interdependent. Effective change management involves aligning all enterprise resources — physical assets, know-how, technology and people — simultaneously, but with a different intensity at the organizational, work group and individual levels. Yes, it is a challenge. This is the challenge of the modern enterprise: to be relevant in the context of its dynamic marketplace and to maintain that relevance even in the face of a dramatically changing environment and technological base.

CHANGE AND MANAGEMENT

“Change” as defined to have a dictionary meaning implies to cause to be different or undergo alteration or transformation from one state or phase to another.

"Management" is defined as-to handle or direct with a degree of skill or address;to treat with care and to exercise executive, administrative and supervisory direction of

Change Management is a structured approach to transitioning individuals, teams, and organizations from a current state to a desired future state. The current definition of Change Management includes both organizational change management processes and individual change management models, which together are used to manage the people side of change.

The three dimensions of change are as follows:

1. Content-objectives, purpose and goals-WHAT

2. Process-implementation-HOW

3. Context-internal and external environment-WHERE

Successful change is a result of the interaction between ...

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...d structuring your efforts accordingly, you can ensure the success of even the most complex changes within your organization.

SUPPORTING EXAMPLE-JACK WELCH (GE)-“CHANGE BEFORE YOU HAVE TO”

Jack Welch has been with the General Electric Company (GE) since 1960. Having taken GE with a market capitalization of about $12 billion,Jack Welch turned it into one of the largest and most admired companies in the world, with a market value of about $500 billion, when he stepped down as its CEO 20 years later, in 2000. Although Jack Welch is "the celebrated leader of a global manufacturer often noted for its technological prowess, he has utilized a very human process to drive change through GE's vast organization. Having respect for the individual as a pivotal force in organizational change, Welch created a model of exceptional performance every corporate leader can learn from.