Table of Contents INTRODUCTION...........................................................................................................................3 MAIN BODY...................................................................................................................................3 Section 1......................................................................................................................................3 Section 2......................................................................................................................................6 Section 3......................................................................................................................................8 Conclusion.......................................................................................................................................9 References......................................................................................................................................10 ........................................................................................................................................................10
INTRODUCTION Change is refers to shift from one state from another so that obstacles would be removed. Organisation brings changing in their working operation to gain competitive advantage over others competitors. While deploying changes in the organisation, company have to change their strategic plan so that it would be properly implemented and reducing disruption to a certain level. For this report, Marks and Spencer is taken for discussion which is one of the largest retail chain in United Kingdom and has their headquarter in London, UK. Different types of trends which is running in the market and drivers of change would be explained with functional example of it. Besides this how leaders of organisation can tackle with the changes will be discussed. Apart from this, theories and model which could be use to successfully implement change will be elaborated and at last recommendation would be explained. MAIN BODY Section 1 For this document, retail sector is taken as it is one of the industry in which needs and demands of consumers changes on a regular basis and company have to modify their products and services accordingly as then only it would be possible for company to remain competitive in the market (Archibald and Archibald, 2016). Retail sector refers to exchange of final goods which is consumed by consumers in with monetary value. According to research, retail sector output in 2017 was 92.8 billion which is highest in any of the adjacent industry.Different types of latest trends which are affecting retail industry is discussed below, Mobile shopping: Aftertechnologyadvancementinrecentpast,consumerperceptiontowardsretail shopping is changed drastically. People prefers to buy on online platform instead of visiting stores physically due to which retail industry as been affected in a negative way. For instance, BOPIS trends is running which stands for buy online, pick up in store. It means that customer can select their product through online platform and then purchase it through online store. This is affecting M&S business as potential customers are switching their preferences from physical stores to online platform which makes their investment on stores waste.
Change in demand: M&S is been the market leader as they are fully satisfying customers demands by providing their products. But now as the trends changes, customers wants to try new product every time they visit their stores. But on the other hand, M&S is still stick to its old fashioned cloths which they have been selling from past 100 years. This affects the M&S business operation in a negative way. Drivers for change Change in technology:As in the changing world of innovation the industry is using different technology to process and sell the products. This helps the industry to make products more durable and appealing to the customers. As technology has changed and has the process of Augment reality has come in place which helps the users to check how the products look like in them (Braveman, 2016). Due to this change the industry is able to cope up with the demands of the customers and is also able to achieve the targetted sales and production target. Also various companies has implemented digital integration in there stores through which they build a smart stores. Competitors:This is the also considered as the main factor that brings changes to the retail sector of the industry. As for any industry to grow and to perform better it is required that it should be full of competitors as due to competition there exist a scope of innovation in the industry. It is the main driver to change because if any of the competitor changes its marketing or its selling policy which is approachable to the consumers than it would hamper the market of other rivals. So this driver of competitors should be checked on timely basis. Climate :This is the factor which is considered as the vital factor in the retail clothing industry. All the production activity of this industry depends upon the climate and the geographical situation of different countries. As many companies in this industry only focuses on a particular climate they have made their brands a benchmark. So the companies has to choose a climate according to which they will manufacture their products (van der Steen, 2017). As in today's world global warming is happening and the climate is constantly rising so due to which companies are more focusing on producing the clothes which are more prone to hot climate.
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Cultural integration :The customers in this type of industry belongs to different culture and country. So companies has to decide about different cultures and form a product which best suites to the tradition and culture of the customers (Clark and et. al., 2017). As if company does not focus on culture of customer then the product would not be accepted. This is the driver that makes the companies to change the way of working and planning strategies. The managers and the leaders of the company should bring some changes in the company so that they are able to sell there products in a better manner and it would also help them to gain a market share. The managers of the company should check and identify the areas so that the production department could perform efficiently. Various changes should be made in the strategies of M&S so that they can achieve the pre set objective of the company. These changes includes the following: Technological change:The managers of company should make some changes in the technological factors. As nowadays in this industry many companies has adopted new technologies because of which they are able to increase the sales and the market share. M&S should use the the augmented reality in their retail stores which would make their stores high tech (Taneja, Sewell and Odom, 2015). Also the customers would be able to analyse which cloth best suits them and which not. Also company should integrate a mobile app with the feature of E-commerce through which customers of the company can order the product online at their door step. This would help company to grow their sales and to increase the market share and tackle the rivals in the industry. Integrating into new channel:Mangers of the company should check that if the products of the company is able to cope up with the demands of the customers. They should check that what the customers desires (Hickman and Silva, 2018). The managers of the company should integrate to the different channels which would help their customers to fulfil their desires. In the present context the company is providing the formal products which are basically targeted to the upper class clients. Company has to make a new channel according to the desire of the customer and should also make the products which relates to culture of different countries. They should produce products according to the different culture of country.
Section 2 From the analysis of section 1 it is seen that the company should use different theories that helps them to implement the changes so that performance of organisation can be increased and it can boost its market share accordingly. Companies like M&S which are operating all around the world has to change the way of working so that they are able to cope up with the drivers of change. The organisation should change the way of working and should implement the elements as per the requirements of global world (Hodges, 2016). Change is considered as the global thread that runs across business organisation without referring to the size, industry and age. As the retail clothing market is changing in a fast pace so company like M&S which is one of the reputed company in this industry should also change according to pace. The concept of management change that is being identified by Lewin's change model is considered as one of the most significant model for driving change in the organisations structure that would help them to make identify the requirements of change and would also help them to make the policies which would lead organisational change. This model is widely accepted order that helps the company to adapt to the changes effectively and to build a programme that is best suited for the change. The model is known as Unfreeze-Change-Refreeze which is referred to as three stage process of change (Renz, 2016). For an organisation it is important to overcome the nature of resistance, employees and the management of the company needs to go off the old habits and structures. This is considered as difficult assignment because change spells out disruption of stable situation. Here is negative point that is involved in the change as the people in this like to keep the old situation as it is because they are comfortable at old situation. The Lewins change model focuses on behaviour modification of people and the employees of the organisation so that they are able to achieve theobjective of bringing change. He staged these changes into three steps. These following stages can be defined as below: Unfreeze model:this is considered as the first stage of implementing the change in the organisation. It is the base which brings the change in the company and the people. The managers and the leaders of the company has to identify the drivers that are changing the industry and has to brainstorm it among the people so that they adapt to change. Here the managers checks what is the impact of bringing change in the organisation and that if bringing change would be beneficial for the company. This is important as most of the people in an organisation does not want to change. As the managers of the organisation
are targetting to bring new technology in their production as well as marketing process. They are thinking of bringing the augmented reality in the stores of the company so that customers can see try different types of products. For this managers has to recruit new employees and has to train old employees so that they are fully capable of managing customers in stores. Managers has to develop an induction and training programme so that employees of the organisation adapts to the change (Hughes, 2018). The employees should be motivated for bringing change before change occurs as this would help achieving the pre set goals. This step also includes providing employees of organisation motivation factor such as increased incentives and making their mind that change would bring in profits for them. The managers of the company would force the organisation to re examine the change in its core competencies.Also the managers of the company has decided to launch a mobile app that would help customers in ordering the product at their convenience and they would be able to order these products at their door step. This would help the company to increase there sales figure and they would then increase profitability of company. Change:After the certainty to change in created in unfreeze stage. This is the stage where the real transition of bringing the change takes place. As the process may take time to get implemented, but it would help in achieving the objective of bringing change. People in the organisation starts to believe and act in a way that supports the new direction for the organisation. Managers of the company has to implement the steps and the procedures so as to bring change in the organisation. The managers has to make a team that would implement the changes and would also help the employees to get trained so that they are able to adapt to the change. Managers in an organisation has decided to bring a new way of technology that would make customers more prone to technology. The managers has decided to bring this technology to maximum number of stores so that customers are able to easily choose from number of products that are available (Jing, 2017). Manager of the company has also decide to make their maximum stores smart. The managers of the company has to plan the change in effective matter so that they are to achieve the success. Also they have to look into the cost that would be required at this stage. As in the current market most of the companies are thinking of bringing the products that are based on the culture of country in which they are operating, so the
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managers of the company has decided to make their research department in different countries of the world through which they would get to know the preference and the cultural requirements of different countries. On the basis of which they would produce the product and sell it in the market, which would again help them in increasing the sales and profit margin of company. Freeze: Here employees of organisation has to refreeze according to change that has been adopted in the previous stage. As the management are comfortable to the changes that are taking shape and the people of organisation has embraced the new change, it is said that organisation is ready for being refreeze (Martinsuo and Hoverfält, 2018). For making the change strengthen and reinforced it is required for managers of organisation to reward, recognise and provide positive reinforcements to employees so that they are motivated to adapt to the changes. It is the duty of mangers and leaders of the organisation to implementthechangesandtomakenewinnovationandmotivationamongthe employees to become consistent with changes. As their would be stability in the organisation employees would feel confident and comfortable with the new way of working and this would make company adaptable and competitive to the industrial trends of change. Section 3 As it is seen that organisation should change according to the industrial requirements. Managers of the organisation should frame policies and the strategies to implement these trends. It is evaluated from the above discussion that the retail clothing industry is changing at a fast rate and the customers are more desirable to the demands and needs the products according to the culture. It has become difficult for the company to make changes according to desires. Managers of companies has to look at the core functioning of the organisation once again so that they are able to understand the requirements of bringing change (Meyer and Xin, 2018). This has been seen that retail industry is now moving to technological advancement and customers are demanding for bringing change in the way the product are sold to them. Now a days customers doesn't want to go to the shops or showrooms to purchase the items rather wants that to purchase the products sitting at their home. Also the company has developed a mobile app that helps them to purchase and choose the products that are available to them in the international market according to the choice and preference of the customer. The managers of the company has
chosen the Lewin' s change in management model that helps them to analyse the requirements of the company to adopt to the change. Also they have analysed that employees needs to be up to dateforimplementingthesepoliciessothattheyareabletoachievetheobjectivesof implementing change. Also the research and development team should be made for the purpose of knowing the consumer tastes and preference (Palmer, Dunford and Akin, 2016). A research team has been made for the purpose so that they can analyse the drivers of change and can seek first mover advantage in the industry. Here managers of the company uses different stages that are set by Lewin's change management model so as to bring change in the core business technique of the company. Managers of company has used unfreeze-change and refreeze model to implement change in organisation. Here the managers has to use the skills of leading change in the organisation. They have to motivate employees of the company to make their mind to adapt to change as this would help them as well as the organisation to achieve the target of profit maximisation (Peppers and Rogers, 2016). As company has used the Lewin's change management plan so they have to refreeze the changes that they have made. Also they have reward and give some incentive to the employees of the company so that they help in implementing the change and make it successful for the company. Conclusion From the above report it is analysed that managers of the company has to change the way of tackling the challenges. As in the current global world it is the industrial requirement to make some changes in the structure of the organisation so that they are able to make most out of changing trends. As M&S is dealing in the clothing industry so they have to analyse the current trends in the market to become competitive. Lewin's plan has been analysed in this report which helps managers to change the structure and help company to be adaptable to change.
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