A study conducted by the Katzenbach Center has outlined ten principles which need to be followed to ensure change management has been well implemented. First of all, proper talent management systems must be in place so that the company culture may be fortified through proactive changes. All transformations to be made need to be started off from the very top, so that these aspects can be ticked off within the broader corporate strategy itself. Each layer of the organizational hierarchy needs to be made use of. Business decisions ought to be a factor of emotional and rational aspects. Instead simply thinking new, the leaders needs to act accordingly. Constant engagement has to be practised with all key stakeholders such as employees and customers. The leadership style must not be confined to the core areas alone but must take into considerations, other broader cases. Formal and informal networks need to be leveraged to arrive at solutions. Finally, here needs to be deep analysis from where deviations rectified, and newer norms adapted in.

Source:https://www.strategy-business.com/article/00255?gko=9d35b&sf181065725=1

Uploaded Date:18 August 2018