(solved) Understanding and Leading Change: Assignment

Added on - Dec 2020

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Understanding andLeading Change
Table of ContentsINTRODUCTION..........................................................................................................................1TASK 1............................................................................................................................................1P1 Compare different organisational examples where there has been an impact of change onan organisation’s strategy and operations...................................................................................1TASK 2............................................................................................................................................3P2 Evaluate the ways in which internal and external drivers of change affect leadership, teamand individual behaviours within an organisation......................................................................3P3 Evaluate measures that can be taken to minimise negative impacts of change onorganisational behaviour.............................................................................................................5TASK 3............................................................................................................................................6P4 Explain different barriers for change and determine how they influence leadershipdecision-making in a given organisational context.....................................................................6P5 Apply different leadership approaches to dealing with change in a range of organisationalcontexts.......................................................................................................................................8CONCLUSION.............................................................................................................................10REFFERNCES..............................................................................................................................10.......................................................................................................................................................11
INTRODUCTIONIn the competitive business environment it is necessary for the organisation to adopt andimplement change practices so as to sustain effectively. Change management is an continualprocess which deals with change in the working practices as well as adopting new methods ofperforming task. Furthermore continuous changing business environment allows firm to adaptivein terms of understanding and leading Change (Alavi and Gill, 2017). The chosen organisationunder the report is Aegon N.V which is a multinational life insurance and a asset managementorganisation headquartered in Hague, Netherlands. The report will throw light on various internaland external factors that affects leadership style and has influence on individual and teambehaviour. At last it will also determines barriers to change and apply leadership approaches tochange management.TASK 1P1Compare different organisational examples where there has been an impact of change on anorganisation’s strategy and operations.Change is inevitable within the organisation which leads to transformation inorganisations strategy and operations. As the multinational organisation deals in variouscountries and nations, there are various factors which leads to change in organisation strategyand operations (Blewitt, 2012). In context to Aegon organisation which provides its services invarious countries is influenced by the governmental rules and regulations and create a impact ontheir working practices. In order to sustain in this competitive market place it is vital for theorganisation to bring change by analysing the competitors strategy and operations. Comparisonbetween Aegon and its competitor is described as follows-Introduction of the chosen companyThe chosen organisation under the report is Aegon N.Vwhich is a multinational life insurance and a asset management organisation headquartered inHague, Netherlands.AegonPrudential financialAegon which is a multinational organisationmainly provides services related to lifeinsurance and pension schemes. As with thePrudential Financial is a fortune company whichdeals in providing investment and insuranceservices and other financial products and1
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