Change Management: Strategies for ABC Company

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

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Table of Contents
Introduction:.........................................................................2
Identify change requirements:.............................................2
Highest Priority Change Requirements:..............................5
Change Readiness Assessment:...........................................5
Change Vision Statement:...................................................6
Formulation of the change strategy:....................................7
Change Project Management Plan:......................................7
Conclusion:..........................................................................9
References:.........................................................................10

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Introduction:
Strategic change is the process of changing the structure of the model that a business
follows. The main reason behind the changes in the strategy of the ABC Company is that the
company has been facing losses from the last few months. To recover the losses, achieve the
success and stay in the market it is necessary to adopt the changes in strategy.
Identify change requirements:
The internal environment of ABC Company is not very effective. There are a lot of
conflicts arising among the employees. We observed a lack of coordination and poor
management in the company. In the external environment, there is a huge competitor in the
market are present.
PEST analysis: PEST analysis stands for political, social, economic and technological
analysis.
Political analysis: Government policy has huge importance and every company needs to
follow the rules of the government. Some of the political factors are government policy and rules
that create barriers on the path of ABC Company (Koumparoulis, 2013).

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Fig: PEST analysis
Economical analysis: Increasing the cost of labor, taxation, monetary policy and
inflation also have a huge impact on the ABC Company and its success (Sammut‐Bonnici &
Galea, 2015).
Social Analysis: Consumer acceptance and interest has acted as a key to success. Some
time ABC Company is not able to fulfill the requirements and needs of the customers.
Technological Analysis: The technology that ABC Company uses is not that much
effective. To enhance the success of ABC Company it is necessary to use modern and effective
technology (Gupta, 2013).
SWOT analysis of ABC Company:
Strengths
• Being a manufacturing company ABC derived its strengths primarily from a 5 stage
cycle, quality control of raw material, manufacturing monitoring, quality assurance of the
production and developing product according to the customer feedback and research team
continuously research for the new products (Syazwan et al., 2014).
• Designing team is the main strength of ABC Company.
Weaknesses:
• Old machines and technology is the main challenge for ABC Company for incising
the production.
• The high production cost affected the MRP of the product.