Grace Realty: External Influences and Change Management Analysis

This business report examines the case of Grace Realty, owned by Mia Grace, focusing on the impact of external influences and the challenges of change management. It identifies intense competition and potential mergers as key external factors affecting the business, leading to decreased market share and employee performance. The report discusses why employees may resist change, particularly due to alterations in the work environment following a merger, which can negatively impact job satisfaction and productivity. To effectively manage change, the report recommends implementing the ADKAR model to create awareness, foster desire, develop knowledge, and encourage reinforcement among employees, thereby mitigating resistance and retaining skilled staff. The report concludes that by strategically addressing change management, Grace Realty can overcome current challenges and sustain its success.

BUSINESS REPORT

Table of Contents
Overview....................................................................................................................................................3
MAIN BODY.............................................................................................................................................3
Explaining two external influences on Grace Realty...............................................................................3
Discussing why candidates may resist change.........................................................................................3
Recommending tactics to manage change effectively..............................................................................4
Sum-up.......................................................................................................................................................4
REFERENCES..........................................................................................................................................5

Overview
Business report is considered as an essential and beneficial document that covers factual
data, statistical information and other important data about a company, which their management
used while taking strategic decision. The current assignment will be based specific case study
and that is Mia Grace, who owns Grace Realty. The study will explain two external influences on
venture, and justify why employees resist transformation. Furthermore, it will also define
suggested strategies to manage change appropriately.
MAIN BODY
Explaining two external influences on Grace Realty
In the world of business, there are several types of factors accessible that may put direct
impact on current management practices and activities of brands. In the context of Grace Realty,
that Mia owned, intense competition is one of those external forces that may influence on this
company in negative manner in term of declining it market share. It happens so, because many
companies enter into real state sector where the competition level between each company is
increased. Just because of that chosen firm may face challenge, which decline its sales and
profits margin. Another influence that a particular factor put on current business is merger, which
may lead to decrease sale and put negative impact on existing employee’s performance as well as
productivity.
Discussing why candidates may resist change
The main reason to resist change in Grace Realty is work environment transformation,
after merger, which directly lead to decrease the performance and working satisfaction of 5 full
time staff and 7 casual employees who are currently performing in Mia Grace owned firm.
Individual employee within organization may do not prefer to work with new working
environment where they might do not feel comfortable and productive, just like they do so in the
recent time. When the owner of company accept merger offer, people may do not prefer to work
with them as they are comfortable and take pleasure of existing working culture. Employee
resistance may negatively upon organizational success and growth and also lead to decrease its
effectiveness as real estate venture that has been operating since 2010.

Recommending tactics to manage change effectively
In order to manage and deal with current fluctuation, Mia Grace may consider varied
approaches and strategies, in effective manner. For example, by referring to ADKAR model of
change management, organization and its owner can take initiative to generate awareness about
business merger decision at workplace, where 12 employees are recently working, which in
return provide benefit to them in term of decreasing extent of worker’s resistance to change
(Sulistiyani, Ali and Astuti, 2020). After that Mia Grace can take action to determine the desire
of his candidates and efforts to develop knowledge among them about new skills and working
culture. All their initiatives can contribute to retain skilled staff members.
Sum-up
On the basis of above discussion, it has been concluded that by following the stages of
ADKAR model related to change management, organization has overcome the current issue and
gained benefits of retaining skilled employees.

REFERENCES
Book and Journals
Jaaron, A.A., Hijazi, I.H. and Musleh, K.I.Y., 2021. A conceptual model for adoption of BIM in
construction projects: ADKAR as an integrative model of change management.
Technology Analysis & Strategic Management. pp.1-13.
Sulistiyani, E., Ali, A.H.N. and Astuti, H.M., 2020. Change Management Strategies to
Implement A Fingerprint Based Attendance System in Information Systems Department
Using ADKAR Model. Applied Technology and Computing Science Journal. 3(1).
pp.22-29.