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Managing and Leading Strategic Change- Assignment

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Added on  2020-12-30

Managing and Leading Strategic Change- Assignment

   Added on 2020-12-30

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Managing and leadingstrategic change
Managing and Leading Strategic Change- Assignment_1
Table of ContentsINTRODUCTION...........................................................................................................................3MAIN BODY...................................................................................................................................3Section 1......................................................................................................................................3Section 2......................................................................................................................................6Section 3......................................................................................................................................8Conclusion.......................................................................................................................................9References......................................................................................................................................10........................................................................................................................................................10
Managing and Leading Strategic Change- Assignment_2
INTRODUCTIONChange 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 overothers competitors. While deploying changes in the organisation, company have to change theirstrategic 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 chainin United Kingdom and has their headquarter in London, UK. Different types of trends which isrunning 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. Apartfrom this, theories and model which could be use to successfully implement change will beelaborated and at last recommendation would be explained. MAIN BODYSection 1For this document, retail sector is taken as it is one of the industry in which needs anddemands of consumers changes on a regular basis and company have to modify their productsand services accordingly as then only it would be possible for company to remain competitive inthe market (Archibald and Archibald, 2016). Retail sector refers to exchange of final goodswhich is consumed by consumers in with monetary value. According to research, retail sectoroutput in 2017 was 92.8 billion which is highest in any of the adjacent industry. Different typesof latest trends which are affecting retail industry is discussed below, Mobile shopping:After technology advancement in recent past, consumer perception towards retailshopping is changed drastically. People prefers to buy on online platform instead of visitingstores 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 customercan select their product through online platform and then purchase it through online store. This isaffecting M&S business as potential customers are switching their preferences from physicalstores to online platform which makes their investment on stores waste.
Managing and Leading Strategic Change- Assignment_3

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