Change Management

Running head: CHANGE MANAGEMENT
CHANGE MANAGEMENT
Name of the student
Name of the university
Author note

1CHANGE MANAGEMENT
Introduction
The different changes that are initiated by the organizations support the same in
continuing with the improvements of the performance in resemblance with the different factors.
The leadership style and the organizational culture influences the change managementinitiatives
that arecommenced by the leaders (Van der Voet, Kuipers&Groeneveld, 2016). On the other
hand, the modifications in the organizational performance are depends on the effective
functioningof the systems in resemblance with the needs of the venture. Razmerita, Kirchner
andNielsen (2016) opined that the basic changes like the technological innovations or the change
in the policies are mostly influenced by the activities of the leaders. On the other hand, Namada
(2018) opined that the evaluation of various environmental trends and market situations enables
the organization in delineating the urgency for undertaking the change.
The purpose of undertaking the research is to identify the different strategies that are
employed by the management of Indorama Ventures while improving on a change. The
different changes that are commenced by the organization support the same in continuing with
the improvements of the performance while improving in the diverse economies. In this relation,
the different changes in the organizational performance are depends on the effective functioning
of the systems in resemblance with the needs of the venture.
The mitigation strategies at Indorama Ventures after assessment of challenges
Change through assessment of environment
Indorama Ventures have developed extensive change processes after assessing the
internal and external environments of the venture. In this relation, the improvements in the
change management processes of the venture are depends on the effective assessment of the
external and internal environmental considerations. Singh et al. (2016) opined that the

2CHANGE MANAGEMENT
conceptualization of the political, economic and technological challenges that are being
encountered by the organizations ensure the systematic functioning of the change management
processes. The assessment of the markets and the urgency for modifications supported Indorama
Ventures in improving systematic plans for improvements in the process design. Imran et al.
(2016) stated that the external market trend analysis supports the organization in identifying the
market needs for ensuring the systematic functioning of the change processes. On the other hand,
Zinovieva et al. (2016) reflected that the assessment of the internal capabilities relating to the
resources and the processes designs enables the organization in examining the potency of the
same to develop a change process in resemblance with the market needs. Therefore, the key
modifications that are commenced by Indorama Ventures relied on the market and internal
assessments with the objective of understanding the feasibility of the change (Fernandez&
Rainey, 2017).
However, assessment of the markets is based on assumptions which might affect the rate
of performance of the venture. The assumptions are hypothetical which may or may not work for
Indorama Ventures. Therefore, the organizational managers hired a team of market analyst for
studying the external environment of the same. The assessment of the environments also
supports organizations in identifying the manner in which the change would contribute to the
performance of the same while improving in the diverse economies.Andrews andJohnson (2016)
stated that the assessment of the environmentssupports the organization in choosing expansion in
the different economies. The expansion and growth of Indorama Ventures through FDIs,
partnerships, mergers and acquisitions enhanced the rate of sustenance while improving in
globalized economies. On the other hand, the assessment of the market competition, situation
and the economic fluctuations enabled Indorama Ventures to invest in prospective markets.

3CHANGE MANAGEMENT
Slawinski et al. (2017) opined that the organizations undertake investments for change
procedures with the objective of achieving a competitive strength in the markets. Therefore,
market assessments supported Indorama Ventures in identifying the lucrative markets from
where they would be receiving better returns on their investments. The changing market
scenario, the new entrants, the competition and the improving expectations of the customers are
the major factors that are examined by any organization while bringing forth changes. Therefore,
in this relation, Ján andVeronika (2017) researched that the organizations undertake a market
assessment with the objective of identifying the different factors that might challenge their
existence. The assessment of the challenges supported Indorama Ventures in improving the
strategies that are being commenced by the same with the objective of enhancing the market
position.
The environmental assessments supported Indorama Ventures in enhancing the rate of
performance while adhering to the preferences of the customers. Schmidt, Groeneveld and Van
de Walle(2017) opined that the organizations adhere to the open innovation model with the
objective of identifying the recent changes that are commenced by the organizations in the same
industry with the objective of infusing the technological modifications. On the other hand, the
venture also initiated strategic alliances with the objective of gaining a larger market base after
assessing the internal and external firm environments. White andCicmil (2016) stated that the
changes and modifications are initiated by the organizationsare focused on improving the
position of the same in the diverse economies. Therefore, the environmental assessments
supported Indorama Ventures in enhancing the decision making systems in resemblance with the
needs of the customers.