Assignment on Strategic International Business Management
17 Pages4696 Words62 Views
Added on 2020-06-04
Assignment on Strategic International Business Management
Added on 2020-06-04
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STRATEGICINTERNATIONALBUSINESS MANAGEMENT
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1MAIN BODY...................................................................................................................................1About the changes occur in MNCs.........................................................................................1Introduction to the change management in multinational businesses....................................2Critically Evaluation of change management models and theories.................................................3Kurt Lewin's model of change................................................................................................3Kotter's 8-step change management model............................................................................5McKinsey 7-S Model.............................................................................................................8CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................12
ILLUSTRATION INDEXIllustration 1: Kurt Lewin's change management model.................................................................3Illustration 2: Kotter's 8-step change management theory ..............................................................5Illustration 3: McKinsey 7 Step Model............................................................................................8
INTRODUCTIONThe procedure of planning, organising, monitoring, evaluating and reviewing, adopted byan entrepreneur in order to meet the expected as well as desired aims and objectives is referredasbusiness management. When a particular business enterprise takes any kind of decision andframe strategies, then proper management of resources is referred to play a leading role. Thepresent study reflects a similar context of business management in the multinational businesses.It has indicated several kind of changes that are usually required to be taken into considerationfor a smooth functioning of the firm and avoidance of leading into any adverse direction. Inorder to adopt and manage any business changes, there exist certain effective theories as well asmodels that are prepared by the authors. It is after the implementation of change managementmodels, the executive level of officers are easily able to adopt change and achieve theorganisational goals and objectives. The present project critically evaluates different models formonitoring change at the workplace. The models described in the study involved Kurt Lewin's,Kotter's 8-step and McKinsey 7-S theory of change management along with their illustrations.MAIN BODYAbout the changes occur in MNCsAccording to International Business Management (2014), there exists different numberof issues and changes in the working environment of every enterprise which creates a negativeimpact on the smooth processing of a business. In this condition, it is highly mandatory tomonitor and manage such changes as well as resolve issues up to a great extent. These things willsupport the executives to reduce business obstacles and achieve agreed purposes and aims. Inaddition to this, when talking about the multinational firms like British Airways, MNCconstruction, Dyarco International Group etc., then they are known to face different issues likecultural, employees, management structure, etc. In order to adopt such kinds of changes,different number of change monitoring theories are needed to be implemented by it (Groves,2015). The present study reflects the way in which the Dyarco International Group has adoptedmeasures for managing changes in their working environment. The selected entity is operating indifferent industries with a diversifying market sector at global level. At the majority level, itprovides telecommunication services, electrical products like air conditioner, escalators, lift,marble, furniture, etc., to the consumers, all over the world.1
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