Change management is a strategic approach that organisations use to effectively navigate transitions and transformations within their structures, processes, technologies, or cultures. In today's dynamic business environment, where change is constant and often rapid, organisations must manage change to stay competitive, innovate, and respond to external pressures. Change management encompasses a structured process of planning, implementing, and monitoring change initiatives to minimise disruption, maximise benefits, and ensure that changes are embraced and integrated smoothly across the organisation.
It involves understanding the drivers of change, anticipating challenges, engaging stakeholders, and fostering a culture that embraces continuous improvement and adaptation. Successful change management facilitates organisational growth and resilience and empowers individuals and teams to thrive in evolving contexts, driving sustainable success and achieving strategic objectives.Also Read | |
Difference between Primary Data And Secondary Data | Sectors of the Economy |
Incidental Trading Activity | Intermediate Good |