LDR 535 University of Phoenix Week 6 Change Management Presentation - Business Finance
Scenario: You’ve been hired as a consultant to develop strategies with supporting tactics to implement positive changes in the corporation you chose in Week 5(ATTACHED)Review your analysis of the corporation’s change process from Week 5 to be sure you have a thorough understanding of the change and the need for the change.Prepare a 12- to 13-slide Change Management Presentation for the company’s Board of Directors. Include the following:Evaluate why this change needed to occur.Discuss how this change impacts the company on a global scale.Discuss how this change impacts employees.Using Kotter’s 8-Step Change Model, chart strategies and tactics for positively implementing the organizational change. In your chart, complete the following:Develop strategies for each of the 8 steps in Kotter’s modelDevelop tactics to support each strategyJustify the effectiveness of each strategy and tactic with a rationale.Conclude your presentation with an explanation of how this positive organizational change will help the company sustain a competitive advantage in the global market.Here is the homemade template for the presentation I put together - has the face slides for the criteria areas you need to cover: (ATTACHED) _wk_6_apply_assignment_template_dr_george.pptx organizational_change_chart__1_.pdf Unformatted Attachment Preview Change Management at Student Name LDR/535 6/1/2020 Dr. George Love Overview of Topics • Criteria 1: The Change and why it was Necessary • Criteria 2: Impact of Change on • Criteria 3: Impact of Change on Employees • Criteria 4-6: Strategies, Tactics, Justifications • Developed a strategy for each of the 8 steps in the Kotter model • Created a tactic to implement each strategy • Justifying each strategy and tactic combo with a rationale • Criteria 7: Explain how change helps drive a SCA* • *Sustainable Competitive Advantage in the ‘Global’ Market The Change and why it was Necessary Criteria 1: 13\% of possible points Replace with Content to Meet Criteria 1 Hey folks, just a slide for my notes – in this section explain the change you identified, that took place in the major organization you selected and then justify/explain why the change was needed – remember to use headers and then put the heavy lifting in the speaker notes (where you will use sentences and paragraphs – almost like a business memo – remember the key is to be thorough in your evaluation of why the change needed to occur. Also, a good idea to connect to what you will note in criteria 7 – the need to drive a global sustainable competitive advantage – consider looking up the article Transient advantage by Rita McGrath in HBR and referring to it in both criteria 1 and 7 Impact of Change on Criteria 2: 13\% of possible points Replace with Content to Meet Criteria 2 Note, you can have more than one slide under each criteria and you can adjust the format. Key thing to do here is explain how the change impacts the company on a ‘global’ scale – that is right from the grading rubric – a major company will be one that operates and competes for business in more than one country – example, Yum Brands which owns KFC, Taco Bell and Pizza Hut Impact of Change on Employees Criteria 3: 13\% of possible points Replace with Content to Meet Criteria 3 Here you are evaluating how this change impacts employees – you can pull this out of some company research and/or discuss the impact of change on employees (how you expect they are impacted by it) – I think this pulls directly from chapter 17 – I would use the text as one of your sources here. Strategies, Associated Tactics and Rationales (Based on 8 Step Kotter Model) Criteria 4-6: 42\% of possible points (14\% for each criteria) Replace with Content to Meet Criteria 4-6 I lumped all these together as they seem to fit together – you need approximately 8 strategies (though I guess you can combine if it seems possible) based on the 8 steps in the Kotter model – the tactic is how you are going to implement the strategy and then you need to provide a rationale for the strategy/tactic combos – this is a 42\% of the possible points so feel free to deep dive a bit – consider looking up the Kotter article on why change initiatives fail from HBR Harvard Business Review along with using the text – ideally put things in your own words and cite sources – not a huge fan of direct quotes Explain how change helps drive a SCA* Criteria 7: 14\% of possible points Replace with Content to Meet Criteria 7 Okay, right from the rubric - Thoroughly explained how this positive organizational change will help the company sustain a competitive advantage in the global market – do your best – key is your attempted to explain it – I would connect back to justification from criteria 1 – why the change was needed – now you are saying, when looking at the implemented change one sees it helps drive that SCA – go back to Rita McGrath’s article on transient advantage from HBR Harvard Business Review This is essentially your conclusion – just provide references for sources cited on the last slide References Sheet1 BMW Organizational Change Chart Select one for each category Vision: (Write the Vision of the organization. Rate the employee knowledge of the organizational Vision [1 - no knowledge, 5 - know it well].) to be the most successful premium manufacturer in the industry. Mission: (Write the mission of the organization. Rate the employee knowledge of the organizational Mission [1 - no knowledge, 5 - know it well].) to become the worlds leading provider of premium products and premium services for individual mobility. Purpose: (Write the purposeof the organization. Rate the employee knowledge of the organizational Purpose [1 - no knowledge, 5 - know it well].) to be profitable and to enhance longterm value from a technological, structural and cultural perspective Values: (List the values of the organization. Rate the employee knowledge of the organizational Values [1 - no knowledge, 5 know it well].) * openness * trust * transparency * appreciation Notes (suggested action for improvement) 1 2 3 4 5 5 1 2 3 4 5 5 1 1 2 2 3 3 4 4 4 4 * communication of the vision * motivation of the employees * conducting research to understand the customers interests * analysis of competition in the environment * identification of opportunities and threats faced by the * fostering a positive working envirionment, climate, culture * accomodating changes in the environment * engagement of the workforce * accomodation of the customers feedback * alignment of the organizational metrics 5 * integration of technology * focusing on quality production * proper utilization of the human resources * focusing on growth and development of the workforce * focusing on the companys strategies such as operation efficiency 5 * use of rewards and recognition to the outstanding employees * promotion of good working relationships * enhancing regular communication in the team * promotion of workers autonomy * embracing flexibility in the organization Sheet1 Diversity: (List the types of the diversity observed in the organization. Rate the overall diversity of the organization [ 1no diverse at all, 5 - highly diverse].) * cultural diversity and sensitivity * diversity in the workforce * leadership diversity Inclusion: (Rate the overall involvement of the diverse groups in all the decision making and process for change [ 1- no involvement at all, 5 - highly involved]) * customers * executive leaders * employees Goal: (write the goal set for organizational change. Rate the overall goal acomplishment [ 1 failed to meet the goal, 5 sucesfully met the goal] ) to make sustainability an integral part of the entire value chain and its underlying processes to create an added value for the company, environment and society. Strategy: (list the strategies followed to implement the organizational change. Rate the overall effectiveness of these strategies [ 1 - very poor strategies, 5 very successful strategies] ) * BMW product strategy * BMW promotion strategy *Communication: BMW place and(list distribution strategy means used in the the communication organization to communicate organization change and change progress. Rate the overall communication effectiveness in the organization [ 1 - very poor communication, 5 very successful communication] ) * emails * telephone 1 1 1 2 2 2 3 4 4 3 3 4 3 4 4 5 5 5 1 2 3 4 4 5 1 2 3 4 5 5 * provision of diversification training * facilitating diversified training and in the operation of the organization * enhancement of employees retention * focusing on the organizational culture * aknowledgement of multiple cultural and religious practices * evaluation of inclusivity in the executive leaders * allow engagement of all workers through their involvement in decision making * reflection of everyones needs in the workforce * strengthening of antidiscriminatory policies *elimination of bias in promotions, opportunities * integrating technology in the organizations process * contribution to employees development * embracing flexibility in the goals * motivation of the workforce * optimization of the organizations productivity * conducting a research about the environment *alignment of the sales compensation with the profit growth *understanding customers interests * training of the employees * making adjustments where there are challenges * use of open dialogues * encouragement of information sharing among the team * advocating for regular feedback * use of team building activities * leveraging technology by the use of various online platforms such as business apps, online collaboration Sheet1 Considering the above goal for organizational change and the existing organizational culture, rate Kotters 8-Steps to Change, on a scale of 1 (did not observe) to 5 (highley observed) during the implemented procces Kotters 8-Steps to Change Select one for each Step 2 2 1 Step One Create Urgency 1 2 Step Two Form a Powerful Coalition 1 3 Step Three Create a Vision for Change 1 4 Step Four Communicate the Vision 1 2 2 5 Step Five Remove Obstacles 1 2 6 Step Six Create Short-Term Wins 1 2 7 Step Seven Build on the Change 1 2 8 Step Eight Anchor the Changes in Corporate in Corporate Culture 1 2 2 2 2 2 3 4 5 3 4 5 3 4 5 3 4 5 4 5 4 5 4 5 4 5 3 3 3 3 3 3 3 3 Notes (suggested action for improving the process) * specification of employees tasks * enhance good communication by the leaders identification and addressing of hurdles in the * resolving the employees conflicts * understanding the teams interests offeringrealistic workersand regular support ** setting concrete goals * integration of frequent check-ins in the plans ** offering regular feedback promoting honesty in communications * employing various communication mediums ** recommendation of constant feedback from the use of clear and simple communications * promoting diversity and inclusion ** evaluation of the teams progress building momentum * rewarding the employees based on their performance tuning ofand thedevelopment organizationsofstrategies and vision ** training the workers * implementation of a supportive structure ** clear definition of change of all the stakeholders enhancing the engagement * use of good communication processes * explanation of the change to the team ... 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