Overview of Strategic Change (Harvard study: (4 Categories of change…
Overview of Strategic Change
Demographics, tech advancements, market change social and political changes.
change human capital issues, managerial behavior and decision making
Lewin's change model
3 stages of planned changes
Unfreezing-leaders create the motivation to change
Refreeze (solidify and continue change)
8 Step process
Sense of urgency
3.Get the right vision
Communicate to individuals within the org.
empower action around change
Generate short-term wins/milestones
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Engaging and enabling the whole org.
Creating a climate for change
4 Categories of change
Change driven by top level managers
Cost cutting , downsizing, and sales of business units
Change is more collaborative driven
Better long term performance