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Change Management in Organizations

   

Added on  2020-01-28

11 Pages3482 Words74 Views
Business DevelopmentFinanceLeadership Management
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TABLE OF CONTENTSINTRODUCTION...........................................................................................................................3Main Body.......................................................................................................................................31) Critically analyse the driving factors for change within the Babcock.....................................32. Identify where the Babcock 'Fit for the Future' change initiative fit with models of changemanagement.................................................................................................................................63. Range of tension between the key stakeholders and recommendations to effectively manageand promoting positive culture....................................................................................................8Conclusion.......................................................................................................................................9REFERENCES..............................................................................................................................102
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INTRODUCTIONChange management is all about the updated current business environment to make theorganization successful and effective (Cummings and Worley, 2014). It also helps in reshapingthe business models and an business enterprise. In the other words, it is the field which guidesthe preparation, equipments ans support the individuals to adopt the change successfully in orderto accomplished the goals of the organization. For conducting the current research, Babcock Railhas been chosen. Babcock International Group Plc is the multinational firm which operates itsbusiness in the UK (Babcock Internattional. 2016). The company deals in the managing of thecomplex assets and infrastructure in safety and mission critical environments. Furthermore, inthis report, it will critically analysed the external and internal driving factors and identify thechange initiative aspects which will bring change to the management. In addition to this, therecommendations will be provided to the firm to promotes the positive culture for Babcock rail.MAIN BODY1) Critically analyse the driving factors for change within the BabcockThe driving factors are the important factors of the organization which helps in theprocesses and production of the firm (Matthews and et.al., 2014). The driving factors of Babcockcan be analysis through SWOT and PESTLE analysis and they are as follows:SWOT analysisStrengthsThe company earned high profits and revenue which is making them one of the marketleader. The existing distribution and sales networks of the company is helping the business togain the competitive advantage. The other strength is the reduced labour costs which is also be4nefitting the company(Lies, 2012). WeaknessesThe company have many competitors so it is a weakness for it to compete in the market. 3
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On the other hand, the firm needs of lot of investments in their research and developmentto build a good corporation. The tax structure is rigid so that the future debt rating is difficult to manage for theorganization.OpportunitiesThe income level is at the constant increase so company have the opportunity to increasemore (Klímek and et.al., 2012). The organization can expand their business globally to extend their market share in themanaging rail services. ThreatsThe financial capacity of the Babcock is low due to the economic crisis which is majorsetback point for the organization (Hamraz, Caldwell and Clarkson, 2012). The technology of the company is also not advanced and modern which help them togather the customers. The external business risks is also the major disadvantages of the company that is theircompetitors.PESTLE analysis:Political Factors: The safety factors is one of the political aspects which raised concernover proper investments o0f the maintenance and safety (Wahab and Rahman, 2012). Theincreasing of the debt is also one of the problem which government are facing.Economic factors: Babcock receives incomes from the two main sources which areoperating firm who pay for track access and other is government. The company doesn'tprovide any dividend to the chosen company (By, Burnes and Oswick, 2012). This isbecause the company gets pressure to boost their income and to reduce the cost. Social factors: The business has covered all divisions of the company which means theyhave a direct relation with the people. There are many people who live near the rail tracksso the company has made these of equipments that reduce the noise of the tracks.Technological factors: The business firm has introduced the advanced technology toreduce the costs and through this, they can improvise the performance and ensure the4
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