Change Management Part- I | MBA Term Papers
Introduction
As describe by many philosophers ?Change is the only constant in this universe (Chandler, 2000, p.202)?. This concept is true for constantly changing business environment. In last few years due to globalisation businesses have lost their geographical boundaries, hence to attain competency, companies are trying hard to introduce latest technology in their day to day functioning. Change has been noticed in the management style as well as organisational culture. Therefore the companies are constantly changing their existing business practices to attain competency in international market. To introduce change in a successful manner, management follows a change management process. Different scholars consider change in different manner; some depicted change as a science whereas other believes change management is an art. Actually both of these facts are true because while implementing a change management requires soft skills (behavioural science) as well as hard skill (technical knowledge).
In present world concept of project is getting quite common in businesses. A project is different from the traditional form of entrepreneurship because project has a distinct time and cost constraints and the risk associated with the project is quite high. All these criteria makes project a unique one, so while managing a project the team has to follow a well developed change management plan (Stevens & Association for Project Management, 2002, p.10.14).
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