It is the ability to positively influence and motivate employees towards achievingbusinessobjectives during a transformation.
Management strategies to respond to KPIs:
Staff motivation
Staff training
Change in management styles
Change in management skills
redeployment of resources
Increasedinvestmentintechnology
Improvingqualityinproduction
Costcutting
Initiatingleanproductiontechniques
Innovation
Globalsourcingofinputs
Overseasmanufacture
Globaloutsourcing
Official Corporate Culture
Involves the sharedviews and values that a business aims to achieve, often outlined in a writtenformat.
Real Corporate Culture
Is actual or prevailing the culture that exists within a business. (celebrations)
Segre's Learning Organization:
Is a business that facilitates the growth of its members and continuously transforms itself to changing environments.
Includes 5 principles:
Systems thinking
Mental models
Shared vision
Personal mastery
Team Learning
Low-risk strategies
Are measuredmanagement approaches that gradually encourage employees to accept and participate in a business change.
Communication
Empowerment
Support
Incentives
High-risk strategies:
Are autocratic management approaches used to influence employees to quickly accept and follow a business change.
Manipulation
Threats
Shared Vision:
This means that everyone in the business has a clear understanding of where the business is heading and why the business has a specific goal.
Mental Models:
This means that there is a culture of openness and a willingness to share information and ideas freely between staff.
Personal Mastery:
This means that employees are constantlylooking at ways to improve themselves and master new skills.
Team Learning:
This means that workers learn better when they are interacting, engaging and learning from other employees.
Systems Thinking:
This involves looking at all aspects of an interconnected business, rather than just looking at specific problems in isolation.
Lewin’s Three-step Change Model
Is a process that can be used by a business to implement change successfully.
Step 1: Unfreeze Step
The unfreeze step involves moving a business to a state where stakeholders are prepared to undergo change.
Step 2: Change step
This is where the change is implemented and the business moves towards its desired state.
Step 3: Refreeze Step:
The refreeze step involvesensuring a change is sustained within a business for the long term
Corporate social responsibility (CSR):
Is the ethical conduct of a business beyond legal obligations, and the consideration of social, economic, and environmental impacts when making business decisions.