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[doc] Understanding and Leading Change Assignment

   

Added on  2021-01-03

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Understanding and LeadingChange
[doc] Understanding and Leading Change Assignment_1
Table of ContentsINTRODUCTION...........................................................................................................................3Activity 1 ........................................................................................................................................3P1 Compare different organizational examples where there has been an impact of changes onan organization's strategy and operations...............................................................................3Activity 2.........................................................................................................................................5P2 Evaluate the ways in which internal and external drives of change affects leadership, teamand individual behaviour in an organisation..........................................................................5P3 Evaluate measure that can be taken to minimise negative impact of changes onorganisation behaviour...........................................................................................................7Activity 3 ........................................................................................................................................8P4 Explain different barriers for changes and determine how it influence leadership decisionmaking in AEGON.................................................................................................................8Activity 4.........................................................................................................................................9P5 Apply different leadership approaches to deal with change.............................................9CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................13
[doc] Understanding and Leading Change Assignment_2
INTRODUCTIONManaging an organisational change is the process of implementing and planning, changein an organisations in such a way as to minimise employee resistance and cost to the organisation, on the other hand at the same time maximising the effectiveness of the change efforts. Thechange is crucial for every organisation as to allow employees of company to learn and gettrained about new technology and explore new opportunities through new ideas (Kotter, 2012) .The present report is about Aegon, which is a multinational life insurance, pensions and assetmanagement company headquartered in The Hague, Netherlands in 1983. the project emphasizeson the different organisational examples where there has been impact of change onorganisation's strategy and operations, internal and external drivers of change which affectsleadership as well it also covers steps to minimise negative effects of change. Along with this,barriers of change have been analysed with reference to their influence upon decision making.Activity 1 P1 Compare different organizational examples where there has been an impact of changes on anorganization's strategy and operations Many organisation perform their operations and functions with the purpose to achieveaims and goals and to gain more profit , growth and welfare within the society. Everyorganisation work in dynamic business environment which needs to adapt changes in order tosustain (Doppelt, 2017) . Here, are some of the factors such as technological developments,innovation and changes in taxation policy which have impacted the performance of severalcompanies and forced them to implement changes so that new ways of performing businessoperations could accomplish the goals and objectives of organisation in a fixed period of time.
[doc] Understanding and Leading Change Assignment_3
Here, Aegon is the multinational life insurance, pensions and asset managementcompany, in the same way there are many organisations which affect its profitability in the wayof rivals. So to be best from its competitors, let's introduce its changes to maintain its growthand earn more profit.In order to analyse the impact of changes, organisation AEGON and its competitor AVIVA Plchas been considered and evaluation of both the companies is represented below- Changes AEGONAVIVA Plc.Structural change The structure change of Aegonis to alter the structure of itsoperation to separateinvestment decision makingfrom dealing decisionsmaking, through this changethe impact on strategy is thatthey came closer to financialmarket and theirresponsibilities are alsodivided. In present, Aviva has bring itsUK insurance businesstogether-life, health andgeneral insurance, as in tospread their business oninternational platform. Fromthis change the impact onstrategy is that, now thecustomer can go at one placeand can complete their allpolicies at one place only, thisstructure change will beconvenient for the customers. Technological factorsTechnology analysis involvesunderstanding the technology'simpact on product offeringsand impact on cost structure inlife insurance industry.Latesttechnology based innovationsimplemented by competitors ofAegon ADR, this can providea good insight into what thecompetitors are thinking andwhere life Insurance businessChange in technological factoris of investments data analyticsfor customer insights anddigital first strategy in mobile,online and tablet to enhancecustomer experience (Forcefield analysis, 2018) . Theimpact of this change onstrategy is that now they areperforming well in theorganisation.
[doc] Understanding and Leading Change Assignment_4

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