Change Management

Running head: CHANGE MANAGEMENT
Change Management
Name of the Student:
Name of the University:
Author note:

CHANGE MANAGEMENT1
Table of Contents
Introduction................................................................................................................................2
Discussion..................................................................................................................................2
Background............................................................................................................................2
Importance of change in the Bank.........................................................................................2
Benefits of merger for the employees....................................................................................3
Recommendations......................................................................................................................4
Conclusion..................................................................................................................................4
References:.................................................................................................................................6

CHANGE MANAGEMENT2
Introduction
Companies of all sizes need to change with the change of times or they get left
behind. In businesses, it is very easy to convince oneself that what he or she is chasing is
predictability and stability (AI-Raggad & Alsawalhah, 2017). However, the truth is that
without any disruptive change, no company can grow and realise their complete potential.
This paper shall elaborate on discussing about the importance of change in an organisation
from a diverse perspective. It will highlight why change is necessary and would identify the
role of the employees in the process. Furthermore, relevant solutions shall be provided to
predict the issues and alternatives to the situations that could not be foreseen. The main focus
of this report will be on overcoming the fears of the employees who are resisting change in
the organisation or are facing serious fear of losing their jobs. The chosen organisation for
this purpose is the Key Bank in United States.
Discussion
Background
It is to note that Key Bank of United States was planning to involve in merger with
First Niagara Financial in the year 2016 and therefore, the required change to implement in
this process is that of restructuring of the organisation (Silver, 2017). However, the
employees working in the company are resisting this change because of the fear of facing loss
of their jobs.
Importance of change in the Bank
According to Camphell and Stanley (2015), for achieving truly great things, it is
important to do experiment. It is the law of nature and can be considered as a necessity for
long term growth and survival. One of the key factor in the process of Mergers and
Acquisitions is change. Employees in the workplace evolve from the announcement of