It refers to the processes used to manage internal and external changes in an organization. It enables an organization to anticipate and deal effectively with market changes. This process involves adopting new technologies, corporate strategies, and techniques and implementing new tools, knowledge, and resources. As part of the change management process, you should prepare and support employees for change, monitor pre-, and post-change activities, and evaluate progress. More closely managing innovation and change resembles large-scale projects rather than implementing generic strategies.
Principles of successful change management:
There are four basic principles to note in Change management:
The seven R’s of change management can help you successfully lead your employees through change.
The seven R’s include :-
Change management can be difficult because people are often resistant to change. As a result, driving change starts with a clear understanding of the current state. One should first use data to understand the current situation better. As you try to drive and manage change, it’s best to remember that an incremental approach can be more effective than a big bang approach.
Change management is an effort that many governments and businesses execute. When it comes to disrupting an outdated process, the business or government will create a revamp that lessens the problems created by their previous strategies and brings about innovations. One great change management example can be seen through the story of Netflix. Providing DVDs through the mail for a subscription fee went from having monthly subscribers who could receive movies through the airwaves. This disruptive change called for an effective change management strategy. And, that effective and successful strategy is the reason why we get to stream The Office day in and day out.