Study Of Strategic Change Management Of 3Sixty GSM
Added on -2020-02-19
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STRATEGIC CHANGE MANAGEMENT1 Strategic Change Management in 3Sixty GSM Student’s Name Course ID University Date
STRATEGIC CHANGE MANAGEMENT2 Executive Summary Strategicchangemanagementprocesshasbeenappliedbythemodernbusiness management to improve the quality of corporate strategy contributing towards corporate synergy, competitive edge, and business scope. In this particular study, the strategic change in 3Sixty GSM, an information technology and service provider operating in Dubai, Saudi Arabia has been elaborated considering a number of facts. Moreover, the study assesses the value of utilising strategic intervention techniques in 3Sixty GSM to deal with the current competitive business environment in the target market. In the study, the description of three strategic change models has been elaborated in a detailed way out of which McKinsey 7S Model and Kotter’s 8-Step Change Model have been considered to be the best possible change management model suitable for the strategic change implication in 3Sixty GSM. In the existing scenario, the internal and external business environment has created significant challenges for the management. In order to boost the services and business growth, the change initiatives have become evident. In the meanwhile, the study identifies the comprehensive values of using strategic interventiontechniquessuchasimprovingtheproductivity,sales,andefficiencyofthe workforce. A number of intervention techniques and their respective benefits of the same have been described. In another discussion, the study elaborates the importance of strategic change in 3Sixty GSM. Precisely, by implementing changes the organization can increase competitive advantage and meet the expectations of the target audience. Evidently, the study paper evaluates the driving factors influencing the need for change in 3Sixty GSM. However, the paper also includes the effects of change management failure as well. Most importantly, the study identifies howthestrategicchangeprocesscaninvolvetherelevantstakeholdersmaximizingthe productivity of the change initiatives. To finish, a strategic plan has been derived to implement the change process and monitor the progress of the change initiatives.
STRATEGIC CHANGE MANAGEMENT3 Table of Contents 1. Introduction..................................................................................................................................4 2. Background to organisational strategic change...........................................................................5 2.1 Background of 3Sixty GSM Company and background to change.......................................5 2.2 Change Management Models.................................................................................................6 2.3 Evaluation of the models in relevance to the organisation’s need.......................................14 2.4 Value of using Strategic Intervention techniques................................................................16 3. Issue related to strategic change................................................................................................19 3.1 The need for strategic change in an organisation.................................................................19 3.2 The factors that are driving the need for strategic change...................................................21 3.3 The resource implications of the organisation not responding to the Strategic change.......23 4. Lead stakeholders to develop a strategy for change..................................................................25 4.1 Systems to involve stakeholders in the planning of change.................................................25 4.2 Development of change management strategy....................................................................27 4.3 Evaluation of the systems to involve stakeholders..............................................................29 4.4 Strategy for managing resistance to change.........................................................................31 5. Planning and implementation of change model.........................................................................33 5.1 Development of appropriate models for change..................................................................33 5.2 Plan to implement change model.........................................................................................37 5.3 Measures to monitor progress..............................................................................................40 6. Recommendation and Conclusion.............................................................................................42 6.1 Recommendation.................................................................................................................42 6.2 Conclusion...........................................................................................................................43 References......................................................................................................................................44
STRATEGIC CHANGE MANAGEMENT4 1. Introduction Globalisation of businesses has forced the multinational and domestic organisations to consider strategic change management process to establish competitive positions in their respected industries (Beynon-Davies, Jones and White, 2016). Strategic Change Models have been applied by the contemporary business management to improve the quality of corporate strategy contributing towards corporate synergy, competitive edge, and business scope. Inevitably, driven by the external environment and internal organisational framework, modern management of MNEs and SMEs has considered significant strategic change models to achieve explicit objectives and targets (Matesic, 2009). By initiating the change process, organisations have to reset the mission, vision, and core competencies of business to rectify the prevailing situation within the enterprise (Flamholtz and Randle, 2008). In the challenging business circumstances, change management initiatives have become the most comprehensive alternative to maintain sustainable growth in a target market. In this particular study, the change management initiatives for the management of 3Sixty GSM Company have been discussed considering a number of strategic change models suitable for the organisational strategic alteration. The study introduces the company profile of 3Sixty GSM and elaborates the background leading towards change. Moreover, the reported paper discusses models of strategic change and the relevance of the precise strategic change models to 3Sixty GSM in the existing economic condition. Furthermore, the strategic change paper assesses the value of utilising strategic intervention techniques in 3Sixty GSM. Besides, the study also examines the need for strategic change in the identified organisation as well. In the meanwhile, the discussion paper assesses the factors driving the need for strategic change in
STRATEGIC CHANGE MANAGEMENT5 3Sixty GSM and the resource implications of the organisation not responding to the strategic change. The reported study also discusses the systems to involve stakeholders in change planning, change management strategy, evaluation of the systems used for change management, and strategies for managing change resistance in 3Sixty GSM. In the ending of the report, appropriate models for change and plan to put into practice the best strategic change model have been elaborated (Grossman and Valiga, 2013). To finish, the appropriate methods to monitor the progress of the strategic change process has been listed in the paper. 2. Background to organisational strategic change 2.1 Background of 3Sixty GSM Company and background to change 3Sixty GSM is an information technology and service provider operating in Dubai, Saudi Arabia. The parent company of 3Sixty GSM is 3Sixty that provides a complete IT business solution, Smartphone, LED Solutions, Smartphone accessories, and E2E cloud solutions etc. The IT business of 3Sixty GSM is expanding the business in telecommunication sector as well. Recently, the company has acquired BDL Egypt Corporation that has been ruling the market since 2004 (3-6-T Corporate, 2017). Currently, 3Sixty Corporation has operated in the GCC countries in diversified target sectors. Precisely, the diversified operations of the organisation must be differentiated at the management level to avoid operational mistakes. The mission of 3Sixty GSM is to deliver unmatched IT related and Smartphone tech support to the target audience of the GCC countries. In the vision statement of 3Sixty GSM, the management has put the emphasis on developing long-term partnerships with the clients to achieve sustainable market growth.
STRATEGIC CHANGE MANAGEMENT6 In a nutshell, the Dubai-based company has emerged to be one of the leading innovative corporations striving towards long-term growth and excellence. In the meanwhile, the combination of innovative team and expertise of the members has developed effective strategies to deliver unparallel ICT solution and total customer support (3-6-T Corporate, 2017). In the current market status, due to diversified services and product offering of 3Sixty GSM, it is essential to consider a number of strategic changes to be developed accomplishing competitive advantage in the target market. Also, to manage the standard of cloud based IT services and Smartphone related technologies, new competencies must be added to the business of 3Sixty GSM (3-6-T Corporate, 2017). In context to the business growth, the management of the Dubai- based company has to implement strategic changes in the organisational structure, technology, total reward system, and style of management, etc. In the current economic scenario, 3Sixty GSM has to face substantial challenges from the leading market competitors in the GCC territories. Therefore, by conducting strategic change management applying the best strategic change models, the company can make further progress in the target market acquiring new clients for different segmented business (McGahan and Mitchell, 2013). 2.2 Change Management Models In strategic change management, modern corporations need to identify precise strategic change models to implement structural alterations following a planned process. According to the required changes, organisational management has to consider a thoughtful procedure to implement changes (Burke, Lake and Paine, 2009). Herein, the essence of strategic change models is inevitable. In this particular discussion, three of the best change management models have been described as follows:
STRATEGIC CHANGE MANAGEMENT7 2.2.1 Kurt Lewin’s Change Model One of the most effective change models that have been used by the modern organisations is the Kurt Lewin’s Change Management Model. Kurt Lewin developed the Unfreeze-Change-Refreeze model in the early 1940s that presents three steps of change management process (Grossman and Valiga, 2013). Lewin being a social scientist as well as a physicist explained the change process as an analogy of changing shape of ice block. In order to implement the change process effectively, the management need to unfreeze the current operations strategies, make necessary changes and implement new policies to make the changes permanent (Grossman and Valiga, 2013). A diagram has been presented herein below for further understanding: Figure: Kurt Lewin’s Change Model Source: (Grossman and Valiga, 2013) The three phases of Lewin’s change management model has been presented in details herein below:
STRATEGIC CHANGE MANAGEMENT8 Unfreeze:During the first phase, the management need to focus on preparing the organisation to accept the necessary changes. The first step is to breakdown the current status quo before developing a new way of operations (Sibbet, 2013). At this phase, the management need to determine what changes are required and ensure that the changes are strongly supported by the senior executive members of the firm. Furthermore, the change management team needs to create urgency for the change by developing vision and mission statements (Boog et al., 2008). Additionally, the management must focus on communicating the changes with the employees and clear their doubts and concern regarding the change to get their support. Change:After identifying the problems in the first step, the change stage is used to resolve the problems and develop new ways to perform the activities (Boog et al., 2008). At this stage, the change process needs to be communicated with the higher level executives and lower level employees of the firm. Secondly, the questions and problems of the employees must be solved to effectively involve them in the change process (Sibbet, 2013). Thirdly, the employees must be empowered to support the change and proper plan must be developed to effectively implement the changes. Finally, the short term wins must be evaluated and shared with the team to motivate them towards the change. Refreeze:The third step is to anchor the changes into the organisational culture of the firm. For instance, the change management team must identify what supports the change and the barriers that can negative impact the implemented changes (Boog et al., 2008). Furthermore, the change management team must develop ways to sustain the changes and create a reward system for the employees (Sibbet, 2013). The nest activity that must be
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