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Understanding and Leading Change in H&M

   

Added on  2023-01-03

11 Pages4136 Words41 Views
UNDERSTANDING AND LEADING
CHANGE
Understanding and Leading Change in H&M_1
Tables of Content
INTRODUCTION......................................................................................................................3
TASK1.......................................................................................................................................3
P1Impact of change on an organisation’s strategy and operations........................................3
TASK2.......................................................................................................................................5
P2Influences of change drivers on organisational behaviour.................................................5
P3 Measures for reducing negative impacts of change on organisational behaviour............6
TASK3.......................................................................................................................................7
P4Barriers to change affecting decision making in H&M.....................................................7
TASK4.......................................................................................................................................9
P5 Different leadership approaches for dealing with change in H&M..................................9
CONCLUSION........................................................................................................................10
REFERENCES.........................................................................................................................11
Books and journals:..............................................................................................................11
Understanding and Leading Change in H&M_2
INTRODUCTION
A business goes through number of changes due to dynamic nature of micro and
macro environment as well as internal environment of a company. It is necessary to comply
with changes effectively for consistent growth and success in an organisation. Businesses
which fail to cope with emerging changes in the markets for them it become difficult to
survive in future. It is because of direct impact of changes on the operations of a business
and sustainability in the markets. This leads to review of strategies and action plans to
embrace changes in the markets. Thus, changes are indispensable for the growth and
development of a company which further helps in acquiring sustainable market share. For
Task 1 the chosen organisation is Blake Logitech management which is a medium sized
organisation dealing in retail industry. It has a diversified product portfolio in clothing
serving UK markets. For rest of the file chosen organisation is Hennes & Mauritz. It is a
Swedish multinational retail company which deals in fashion industry. It has large number of
stores operating in different countries and serving customers worldwide. It has prominence in
clothing products for men, women, teenagers and children with accessories (Alavi and Gill
,2017). This report includes impacts of change on organisation’s strategies and operations.
Also, it includes influences change has on organisational behaviour and barriers to change.
TASK1
P1Impact of change on an organisation’s strategy and operations
Implementing change has various impacts on the organisation strategy and operations
of a company. There are several internal and external drivers of change which helps in
transforming behaviour of teams and individuals. These change drivers are the situations or
conditions which bring changes in the working of an organisation. There are several factors
which impact long term functioning of company. These are as following:
Blake Logitech management dealing in IT products faces various challenges due to
changes happening in the external environment. In UK due to various fluctuations
present in political environment such as BREXIT and changes in government policies
hampers business of the company. Because of political changes, company has to
modify strategies for growing and sustaining market share.
The company faces challenges due to emerging change in the economic conditions.
This leads to drastic change in the operations due to its impact on demand and supply
of its products. This has long term impacts due to changes in the financial condition of
a company.
Furthermore, due to advancement or development of technology becomes a major
source for driving change in the company. With this Blake Logitech management has
to deal with challenge with updating its technology products. This has major impact
on business of company because of changes in IT industry (Bohman, 2019). It has
long term impact on methodology and services of company.
Understanding and Leading Change in H&M_3
From this
various drivers of change for Blake Logitech management can be analysed. These change
drivers have impact on the productivity and profitability of company. Due to varied changes
in the political and economic state of UK leads to changes in the strategic planning and
operations of a company.
Impact of change
Reflecting on the impacts of change on Blake Logitech management, it can be
assessed that due to dynamic and uncertain nature of business environment it impacts change
in the organisation in following ways:
Implementation of change in an organisation has major effects on the performance and
profitability. This leads to immersive effect on long term growth and productivity of a
company. These changes have major impact on performances and operations leading to
changes in long term strategies of company. Company has major impact on sales of its
product due to uncertainty in political and technological environment. However, changes are
substitutes and essential for growth or sustainable development of a company. Otherwise
companies get severely affected when emerging changes are challenging and hard to cope
with (Boyatzis and Cavanagh, 2018). The most affected areas which has impacted business
includes marketing and sale of products, performances of employees and their productivity
etc.
Changes on organisational strategies and leadership
Emerging changes or marginal changes occurring in an organisation leads to
alteration of strategies and plans affecting previous plans drastically. This leads to
transformation in the strategies by developing new plans and approaches as per the changes
in external environment. These factors bring various changes in behaviour of individuals,
teams and leadership. Also, it helps in improvising existing plans as per the dynamics in the
business environment. These new changes help company in growing and embracing changes
leading to sustainability of performances. This directs all the departments to alter and modify
their strategies with following changes in the company. It requires managers to implement
change in major areas with degree of changes affected operations in a company. These areas
may include organisational structuring, alterations in policies, growth and development plans,
changes in the skills of employees, training and development of employees etc. Also, it leads
to change in behaviour of employees, teams and overall organisation. Thus, it can be
determined that new changes affect former strategies and leadership styles in company. It is
done by adopting new strategies focusing on growth and sustainability of company with
degree of change in business environment (Drago-Severson and Blum-DeStefano, 2018).
Basis Blake Logitech management Ensoft Ltd.
Developing new strategies Due to BREXIT and
economic crisis in UK, it
leads to number of changes
in Blake Logitech
It has also executed changes
to overcome threats of
BREXIT and economic
crisis. This is done by
Understanding and Leading Change in H&M_4

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