Question: 1. What is change management and why is it important to implement it. Explain?

1. What is change management and why is it important to implement it. Explain?

Step by Step Solution

★★★★★

3.47 Rating (157 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Change management is defined as the methods and manners within which a corporation describes and implements change within both its internal and external processes This includes preparing and supportin... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Management Leadership Questions!

The marketing manager of a large super market chain has the business objective of using shelf space most efficiently. Toward that goal, she would like to use shelf space to predict the sales of a...

What is operation management and why is it important to understand? Your answer must be checked in turnit in system to avoid any plagiarisms.

What is capital structure, and why is it important to a company?

What is information technology, and why is it important to a business?

Watch the YouTube video, "What is Organizational Change Management?" and answer the following questions. 1. What is change management? 2. Why is it important? 3. What are the major components?

Question 1 What is risk management and why it is important that an organisation implement effective risk management? Who has the primary responsibility for the effective implementation of a risk...

Question 1 (1) What is risk management and why it is important that an organisation implement effective risk management? (2) Who has the primary responsibility for the effective implementation of a...

1) What is risk management, and why is it important? 2)Some managers believe that they have "seat of the pants" intuition and do not need project management tools. Does that make sense to you? Why or...

1. What is the WACC and why is it important to estimate a firms cost of capital? Do you agree with Joanna Cohens WACC calculation? Why or why not? 2. If you do not agree with Cohens analysis,...

1. What is the WACC and why is it important to estimate a firms cost of capital? Is the WACC set by investors or by managers? Explain. Did Cohen make any mistakes in her analysis? Explain. 2....

1. What is informal communication and why is it important for organizational change processes?

A study of 86 savings and loan associations in six northwestern states yielded the following cost function: Where C = average operating expense ratio, expressed as a percentage and defined as total...

An elevated jogging track is supported at intervals by a wood beam AB (L = 7.5 ft) which is pinned at A and supported by steel rod BC and a steel washer at B. Both the rod (dBC = 3/16 in.) and the...

Arlene is injured in a car accident when she is struck by a hit - and - run driver. How will her policy pay for her injuries? A ) Her medical payments coverage will pay first, and her UM / UIM will...

Hrudka Corp. has manufactured a broad range of quality products since 1991. The operating cycle of the business is less than one year. The following information is available for the company's fiscal...

On January 1, 2021, NRC Credit Corporation leased equipment to Brand Services under a finance/sales-type lease designed to earn NRC a 10% rate of return for providing long-term financing. The lease...

A car wash services 200 customers in a 4-hour span on a lovely Saturday afternoon. The car wash employs 5 washers at $6 per hour. An appropriate measure of productivity is: a). 200 cars/hour b). 0.6...

What account balance is transferred from the Statement of Stockholders Equity to the Balance Sheet as the financial statements are prepared at the end of the accounting cycle? Retained Earnings...

Identify an health organisation and research the following topics as they relate to chosen organisation and outline findings. 1.Outline relevant legislation, codes of practice and national standards...

Self Directed Teams Organizational context The organizational context for this change was a large mental health and development services agency, serving the lifespan (infants to seniors) of the...

S w 9B06A035 SPECTRUM BRANDS, INC. - THE SALES FORCE DILEMMA Joe Falconi wrote this case under the supervision of Professor Don Barclay solely to provide material for class discussion. The authors do...

Task summary Sydney CBD Campus : Level 5, 303 Pitt St Sydney NSW 2000 T: +612 8959 6340 F: 02 9955 3888 Canberra Campus : Suite 1, Level 4, 40 Cameron Avenue, Belconnen ACT 26 17 T: +612 6253 5184...

Compare, contrast, and offer a conclusion/analysis of change models Using the table below, compare and contrast eight key elements of six major change management models that you have learned to...

1. Produce a change management action plan to help you prepare to lead a business meeting with relevant stakeholders regarding an operational change. This will demonstrate that you can take the...