Managing and Leading Change Essay Example | Topics and Well Written Essays - 2500 words

Managing and Leading Change - Essay Example To sustain in this competitive business market, an organisation needs to implement lots of change tactics. Change may be in terms of technological aspects, accounting principles, human resource planning and also of expansion programs among others. Organisational change is viewed to be a sort of structured approach from the viewpoint of organisational perspective. Smoother adoption as well as execution of making effectual changes may support a specific organisation to avail significant benefits. The benefits might comprise enhancing profitability along with overall productivity, mounting market share, competing with major rivalries and most vitally accomplishing superior competitive position. It can be stated from a broader circumstance that gaining momentum of globalisation and the constant changing technologies increased the business market competition amid the marketers by a greater level. Organisations must have to adopt change process in order to survive in this competitive lands cape (Bollen & Emes, 2008). ... From a theoretical perspective, change is often viewed to a deliberate initiative of a particular company for the purpose of attaining its expected business targets by a significant level. While defining the perception of change, it has often been viewed that customers are largely influenced by various sales promotional based tools. Change may be in terms of capital structure which combines both debts along with equity. Change may be regarding the human resource policies that amalgamate the aspects like leadership and superior-subordinates interrelation among others (Bollen & Emes, 2008). Change is important in respect of the particular discussion in respect of the multinational company presented in this case wherein, a number of points need to be highlighted. Overcapacity is a kind of situation where any company fail to sell all its broad assortment of products. Thus, in order to overcome this critical situation, change plays a decisive part in supporting the companies to effectivel y selling their respective products with ease by adopting any significant measure relating to the change in corporate culture or strategies. Relating to the case, the manufacturing company faced certain significant pressures particularly upon its profit margins due to overcapacity especially in manufacturing. The aspect of change might certainly support this company towards lessening from such pressure in terms of changing its respective organisational matrix along with the functions of its various operational departments (Canada's Health Informatics Association, 2013). Critical Analysis of the Challenges According to the case, it can be critically analysed that the major manufacturing company faced certain crucial challenges or issues regarding various important aspects. The main