Understanding and Leading Change - AEGON Assignment
Added on 2021-02-20
11 Pages3406 Words39 Views
Leadership ManagementProfessional Development
|
|
|
Understanding andLeading Change
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Different organisational examples where there has been an impact of change on anorganisation’s strategy and operations........................................................................................1TASK 2............................................................................................................................................3P2 The ways in which internal and external drivers of change affect leadership, team andindividual behaviours..................................................................................................................3P3 Measures for minimising negative impact of changes on organisational behaviours...........4TASK 3............................................................................................................................................6P4 Different barriers for change and determine how they influence leadership decision making.....................................................................................................................................................6TASK 4............................................................................................................................................7P5 Different leadership approaches to dealing with change.......................................................7CONCLUSION................................................................................................................................8REFRENCES ..................................................................................................................................9
INTRODUCTIONIt is important for an organisation to understand as well as evaluate changes withinbusiness firm and market. So that strategies for working on it can me made in better manner andoperational activities of organisation will be increase. Although, understanding and leadingchanges help organisation a lot in identifying future problems and opportunities (Alavi and Gill,2017). This assignment is based on AEGON company which is life insurance, pension and assetsmanagement organisation. Respective organisation was introduced in 1983 and its headquarter isin Hague, Netherlands. Report will going to discuss, example of firm and how its strategies andoperations will affected as well as internal and external drivers of changes which influenceleadership and result in minimising negative effect. Along with this, it will also discuss differentleadership approaches that assist organisation in dealing with problem within effective manner. TASK 1P1 Different organisational examples where there has been an impact of change on anorganisation’s strategy and operations.Every organisation is conducting their operations and functions with the motive ofearning profit and gaining competitive advantages as well as for well being of social group. Asper the given case AEGON is going through several major changes for which training isproviding to employee to become an business analyst and identify impact of all these onorganisation (Anderson, 2016). For proper understanding to this situation of changes whichaffect function and operations Of respective organisation comparison will be conducted withtheir competitors i.e., The Hartford which is financial services group. Comparison are asfollows:- ChangesAEGONThe Hartford Structure AEGON is followinghierarchical organisationalstructure which have differentlevels like upper, middle andlower. Information anddecision are given by upperThe Hartford is also followinghierarchical organisationalstructure which result inseveral problem for them. Sothey decide to change it anduse flat structure through
level as well other levelsemployees have to follow that.Thus, respective firm decidedto do modification in theirexisting structure and change itwithin flat. Motive behindimplementingneworganisational structure is toimproveorganisationperformance and employeesproductivity (Doppelt, 2017).In flat structure personnel alsoinvolved within decisionmaking which result in theirmotivation. which staff member willcommunicate with each otherin effective manner. Suchpractices will result in theirmotivation and they feel likepart of company. Whenpersonnel will feel motivatedthey will conduct operations inbetter manner and result inreducing manufacturing andoperational cost. Along withthis, employees turnover willalso reduce. StrategyStrategy behind implementingflat organisational structure isto motivate employees whichdirectly result in enhancingproductivity within effectualway. Along with this,personnel will be treated onsame level which help inreducing conflicts. Respective organisation willdesign plan and form strategiesso that, they can eliminatewastage as well as conductoperations in better manner(Fragouli and Ibidapo, 2015).For this purpose, training anddevelopment sessions will beprovided to staff members forconducting their day to dayactivities in suitable way. OperationIn organisation several positivechanges will occur whencompany implement Flatstructure within their working.There changes are much timeWith the assistance of suchmodification respectivebusiness form will be able tominimise wastage as well asdecrease operational and
End of preview
Want to access all the pages? Upload your documents or become a member.
Related Documents
Understanding and Leading Change Assignment - AEGONlg...
|15
|4268
|64
(Solution) Understanding & Leading Change- Assignmentlg...
|12
|3626
|20
Understanding & Leading Changelg...
|15
|4817
|42
Understanding and Leading Changelg...
|15
|5142
|99
Leading and Managing Change - Doclg...
|18
|3770
|287
Sample Report on Understanding and Leading Changelg...
|19
|3694
|21