introduction – change is the law of nature or change is a natural rule. change is the process by...

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Management of change Introduction – Change is the law of nature or change is a natural rule. Change is the process by which future, invades our life. Change has always been therein the society right from the good old days ,but the rate of change has been faster than it was before. Change has become a significant feature of modern environment. Everything around us changes ,Even man changes throughout his life . he has to mould himself. Change could be both reactive and proactive. A proactive change has necessarily to be planned attempt to prepare for anticipated future challenges. A reactive change could

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Economic Shocks Security market crashes Interest rate fluctuation Foreign currency fluctuation. Changing competition Global competition Mergers consolidations Grower specialty retailers Social Trends Decrease in college attendence Delayed marriage by young people. Increase in Divorce rate, fast food, outside eating habits.

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Page 1: Introduction – Change is the law of nature or change is a natural rule. Change is the process by which…

Management of change Introduction – Change is the law of nature or change is a natural rule. Change is the process by which future, invades our life. Change has always been therein the society right from the good old days ,but the rate of change has been faster than it was before. Change has become a significant feature of modern environment. Everything around us changes ,Even man changes throughout his life . he has to mould himself. Change could be both reactive and proactive. A proactive change has necessarily to be planned attempt to prepare for anticipated future challenges. A reactive change could either be by way of an automatic response or a planned response to change taking place in the environment .

Page 2: Introduction – Change is the law of nature or change is a natural rule. Change is the process by which…

Factors responsible for Change. Changing nature of the work force.More culture diversityForces in ProfessionalsMany new entrans with inadequate skills.Changing TechnologyMore computers and automation.TQM programmes. Reengineering programmes.

Page 3: Introduction – Change is the law of nature or change is a natural rule. Change is the process by which…

Economic ShocksSecurity market crashesInterest rate fluctuationForeign currency fluctuation.Changing competitionGlobal competitionMergers consolidationsGrower specialty retailersSocial TrendsDecrease in college attendenceDelayed marriage by young people.Increase in Divorce rate, fast food , outside

eating habits.

Page 4: Introduction – Change is the law of nature or change is a natural rule. Change is the process by which…

World PoliticsCollapse of soviet unionReunification of GermanyIraq ‘s invasion of Kuwait

Causes of change.Change in business condition.Change in machines and tools.Changes in managerial personnel.Deficiencies in existing organisation.Psychological reasons.

Page 5: Introduction – Change is the law of nature or change is a natural rule. Change is the process by which…

Why people Resist to changesResistance by EmployeesEconomic CausesA) Fear of loosing job or reduction in employment.B) Insecurity of JobC) Doubt about futureD)Fear of increase in work-load.Personal CausesA) Requirement of training.B) Boredom and MonopolyC)Non involvement in decision-making.

Page 6: Introduction – Change is the law of nature or change is a natural rule. Change is the process by which…

Social CausesA) Need for new social adjustment.B)Treating change as pressure of outside.C) Orthodox MentalityResistance by Management.Increase in responsibility.Changes on experimental bases.Changes introduced by labour unions or

govt.Increase in cost.