Understanding and Leading Change Assignment - AEGON
Added on 2020-12-24
15 Pages4268 Words64 Views
Leadership Management
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Understanding and LeadingChange
Table of ContentsINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................3P1 Compare firms where there has been an impact of changes on an organisation's strategyand operations.........................................................................................................................3TASK 2............................................................................................................................................5P2 Determine ways in which internal and external drivers of change affect leadership, teamand individual behaviours.......................................................................................................5P3 Explain various methods that can be taken to reduce negative impact of change............8TASK 3..........................................................................................................................................10P4 Determine different barriers of changes and how they affect leadership decision.........10TASK 4..........................................................................................................................................11P5 Evaluate different leadership approaches for dealing with change.................................11CONCLUSION..............................................................................................................................13REFERENCES..............................................................................................................................14
INTRODUCTIONIf an organisation wants to enhance or increasing their business operations they need tounderstand and evaluate changes within the firm and market so that they make strategiesaccordingly. It also help an organisation to understand and identify issues and problems thatthey can face in future and by it they can develop strategies which help in overcoming andavoiding issues in appropriate manner (Alavi and Gill, 2017). The organisation taken for thisreport is AEGON which is established in 1983 and its headquarter is in Hague, Netherlands. It islife insurance, pensions and assets management company which is conducting its operationworldwide. The numbers of employees in respective company are approximate 28,300. Topicsexplained in this report are example of organisations and how its operation and strategiesaffected, internal and external drivers of changes that influences leadership and steps throughwhich a firm can minimise negative effect. At it will explain various leadership approacheswhich help company in dealing with problems in effective manner. TASK 1P1 Compare firms where there has been an impact of changes on an organisation's strategy andoperationsIn today time the major reason behind conducting business operation and function is toearn profit and grow market shares or for well being of social group. According to respectivecase of AEGON which is a multinational life insurance, pension and assets managementcompany that is planning to become a well known brand at the worldwide level (Anderson,2016). But government of United State impose certain barriers that directly and indirectlyaffecting negatively to the respective company profitability and market shares. For understandingthe appropriate situation of changes that affecting function and operation AEGON conductcomparison analysis with its competitor The Hartford financial service group. Comparison ofboth companies are given below:- Changes AEGONThe HartfordStructureIn AEGON is conducting theirThe Hartford is conducting
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