Slide 1

Change management and business performance improvement

Extract: Module 1 Section 1Ged Melia

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Seminar is in two parts

Module 1 - Change management and transformationsSection 1: Drivers of changeSection 2: A framework for change and transformationSection 3: Implications of Kotters studiesSection 4: Designing and managing change projectsSection 5: Should I hire a consultant? Section 6: Resistance to change

Section 1: Drivers of change

Macro economic and social factors

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Debt

What a trillion looks like

The debt trap developments since 2008DebtPublicCorporatePersonalFinancial repression has encouraged share buy-backsQE and PSBR funded by deficit spendingStudent loans are going exponentialNew drivers since 2008

Public debt

UKUS

DebtPublicCorporatePersonalFinancial repression has encouraged equity buy-backsQE and PSBR funded by deficit spendingStudent loans are going exponentialNew drivers since 2008 U.S. markets have been supported by up to $1 trillion/yr. in share buy-backs in recent years. ZIRP/low interest rate borrowing used for equity purchases rather than investment.

The debt trap developments since 2008

USUKStatistics not found(BoE comment on share buybacks)

The debt trap developments since 2008DebtPublicCorporatePersonalFinancial repression has encouraged equity buy-backsQE and PSBR funded by deficit spendingStudent loans are going exponentialNew drivers since 2008

US

UKStudent debt is now so high compared to average salaries that many graduates in respectable public sector professions will be unable to repay their fees even by the end of the 30-year repayment period, the Higher Education Commission warns. According to the Institute for Fiscal Studies, the average student debt will be 44,015 - higher even than the US.

The debt trap developments since 2008

the Institute of International Finance (IIF), a group that represents the financial services industry. As of June 2014 it estimated that global debt, excluding the financial sector, was equivalent to 245% of total global economic activity or GDP. That's up from 214% in September 2008 when the financial crisis was going into its most intense phase.

The debt trap how it might play outConsequences

2011UKUSJapan