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(Solution) Understanding & Leading Change- Assignment

   

Added on  2020-12-30

12 Pages3626 Words20 Views
FinanceLeadership Management
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Understanding and Leading Change
(Solution) Understanding & Leading Change- Assignment_1

ContentsINTRODUCTION.......................................................................................................................................3TASK 1..........................................................................................................................................................3P1Compare different organisational examples where there has been an impact of change on an organisation’s strategy and operations...................................................................................................3TASK 2.......................................................................................................................................................5P2 Determine ways in which internal and external drivers of change affect leadership, team and individual behaviors.................................................................................................................................5P3 Evaluate measures that can be taken to minimize negative impacts of change on organisational behavior..................................................................................................................................................6TASK 3.......................................................................................................................................................8P4Explain different barriers for change and determine how they influence leadership decision-makingin a given organisational context.............................................................................................................8TASK 4.....................................................................................................................................................10P5Apply different leadership approaches to dealing with change in a range of organisational contexts................................................................................................................................................................10CONCLUSION.........................................................................................................................................11REFRENCES............................................................................................................................................12
(Solution) Understanding & Leading Change- Assignment_2

INTRODUCTION For an organization it is necessary to adopt change so that they can conduct their work ineffective as well as proper manner. This is so because through changes a company able toidentify and adopt new technology which helps in product process as well as through it they alsoable to produce goods and services which attract more and more customer (Alavi and Gill,2017)). Through which company able to gain high profitability ratio and market shares.Organization taken for this assignment is AEGON that is founded in the year 1983 and itsheadquartered is situated in Hague, Netherlands. It is operating its business in financial sector atworldwide level. Their offerings are life insurance, pension and assets management. There areapprox 28,000 employees are working in this company. Topic covers in this report arecomparison of diverse companies on the basis of impact of changes on their operations andstrategies. It will also include internal and external drivers of change that will impact onleadership, team and individual behaviors at an organisation. Along with this it will mentionedmeasures which are taken by company for minimizing impact of change and it include barriers ofchange and its impact on decision making. It will also explain different leadership approachesused for dealing with change within an organisational.TASK 1P1Compare different organisational examples where there has been an impact of change on anorganisation’s strategy and operations.In order to identify effectiveness of strategy AEGON conduct its comparison with itscompetitive company, which is mentioned below:- Changes AEGONThe HartfordStructureRespective company isoperating its businessoperations and functions inhierarchical structure in whichthere are different differentThe Hartford is operating itsbusiness function throughhierarchical structure but nowthey are facing some problemswhich impact in their
(Solution) Understanding & Leading Change- Assignment_3

stages i.e. upper, middle andlower. In this structuredecision making take verylong time because for longprocess (Anderson, 2016). Dueto which AEGON decide toswitch their structure to flat.Through which they able totake decision quickly as wellas performance of employeesalso get improved through this.Strategy: Strategy develop byrespective company in order toadopt flat structure is thatrespective company train theiremployees so that they operatetheir work properly andeffective. Operation: By adopting flatstructure respective companyfeel various positive impactsuch as timing of decisionmaking get reduce, employeesalso feel motivated becauseevery employees treated atsame level due to which theyaccomplish their workeffectively at proper time. production as well asprofitability ratio. Due to thisafter consulting with expertisethey change their structure andadopt flat structure. Throughwhich communication processgets improved and now staffsable to communicate eachother properly which motivatethem as well as encourageworking for attaining goal andobjective. Strategy: The strategy adoptby respective company is thatthey provide training anddevelopment session to theiremployees so that they able toaccomplish their work properlyand this will also reducewastage which obtain duringproduction process. This is sobecause every employeeknows their work and rightprocess to complete it(Doppelt, 2017). Operation: Through thisrespective company able totreat their employees effectiveat same level and this will alsoleads to attainment of goal inmore effective manner. Along
(Solution) Understanding & Leading Change- Assignment_4

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