Managing change Case Study Example | Topics and Well Written Essays - 1500 words

Managing change - Case Study Example This is because these tenets make managing personal change probable. Before commencing an organizational change; individuals should ask questions such as; what is the organization going to achieve with the change? How and why will they discern that the change is successful? Who will be affected by the change, and what will be their reaction? To what extent can the change be effected with help; and in what areas should assistance be sought? These questions guide the individual effecting change since it makes him or her understand what is being done. This paper shall seek to explain the change management effected in a local insurance company; so that it could be saved from imminent collapse after going bankrupt. The eight stages of change management, as well as three tools of needs assessment, will be used to analyze the change management initiative. Since the local insurance company needs a powerful restructuring plan to save it from imminent collapse, it should consider downsizing some of the high level executive positions. Additionally, it should thin down its organizational chart by laying-off some of the employees conducting programs that are no longer aimed at bringing the company back to its feet. Laying-off workers who have stood by the company for the many years is not an easy task; therefore, it should be done with extreme caution. First and foremost, the underperformers and the underachievers should be the ones to face the axe. This is because they add little value to the company and their dismissal would do the company good. Secondly, while downsizing some of the high level executive positions, it should be noted that some roles done by one executive duplicate to another executive. Therefore, such situations should allow the merging up of two different portfolios that perform almost similar roles. In order to make the change management effective, it is necessary to use Kotter’s eight steps of efficacious change