LDR week 6

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University of Phoenix *

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535

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Management

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Jan 9, 2024

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pptx

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12

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1 LDR/535 April 21,2023 University Of Phoenix INSTRUCTOR George DeMetropolis, PhD
2 Walmart
Evaluate why this change needs to occur. The company needs to change because it is not making enough money. The company is losing money every month, and it is not sustainable in the long term . . 3
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4 This change will impact employees because they may be laid off, have their hours reduced, or see changes in their benefits. The company may also change the way it does business, which could impact employee job satisfaction. The potential risks associated with this change include resistance from employees, legal challenges, and financial losses. The plan to mitigate the risks associated with this change should include a communication plan, a training plan, and a financial plan. The communication plan should address how the company will communicate the changes to employees, the media, and the public. The training plan should address how employees will be trained on the new procedures. The financial plan should address how the company will finance the changes and how it will offset any potential losses. Evaluate how this change impacts employees. Discuss how this impacts employees .
5 Kotter's 8-Step
6 Kotter's 8-Step • 1. Establish a sense of urgency: Create a sense of urgency by communicating the need for change to employees, the media, and the public. • 2. Create a guiding coalition: Create a team of employees who will champion the change and help to implement it. • 3. Develop a vision and strategy: Develop a vision for the company and a strategy for how to achieve it. • 4. Communicate the change vision: Communicate the vision for the company to employees, the media, and the public. • 5. Empower employees to act: Empower employees to act by giving them the authority to make changes and by providing them with the resources they need. • 6. Generate short-term wins: Generate short-term wins by implementing changes that will improve the company's bottom line. • 7. Consolidate gains and produce more change: Consolidate gains by institutionalizing new procedures and by continuing to communicate the need for change. • 8. Institutionalize new approaches: Institutionalize new approaches by making changes permanent and by making sure that employees are trained on the new procedures.
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7 Develop tactics to support each strategy • 1. Establish a sense of urgency: Communicate the need for change to employees, the media, and the public. Make changes that will improve the company's bottom line. • 2. Create a guiding coalition: Assemble a team of employees who will champion the change. Provide employees with the resources they need to implement the change. • 3. Develop a vision and strategy: Develop a vision for the company. Create a strategy for how to achieve the vision. Communicate the vision to employees, the media, and the public. • 4. Communicate the change vision: Communicate the vision for the company to employees, the media, and the public. Make changes that will improve the company's bottom line.
8 Develop tactics to support each strategy • 5. Empower employees to act: Give employees the authority to make changes. Provide employees with the resources they need. Train employees on the new procedures. • 6. Generate short-term wins: Implement changes that will improve the company's bottom line. Communicate the company's successes to employees, the media, and the public. • 7. Consolidate gains and produce more change: Institutionalize new procedures. Continue to communicate the need for change. • 8. Institutionalize new approaches: Make changes permanent. Make sure that employees are trained on the new procedures.
9 Justify the effectiveness of each strategy and tactic with a rationale . • 1. Establish a sense of urgency: Creating a sense of urgency is important because it will motivate employees to act and it will generate support from the public. • 2. Create a guiding coalition: Creating a team of employees who are committed to the change will help to ensure that the change is successful. • 3. Develop a vision and strategy: Developing a vision and strategy is important because it will give employees direction and it will help to ensure that the change is successful . • 4. Communicate the change vision: Communicating the vision for the company is important because it will help employees to understand the change and it will generate support from the public. • 5. Empower employees to act: Empowering employees to act is important because it will give them the authority to make changes and it will provide them with the resources they need. • 6. Generate short-term wins: Generating short-term wins is important because it will show employees that the change is working and it will generate support from the public.
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10 Justify the effectiveness of each strategy and tactic with a rationale . • 7. Consolidate gains and produce more change: Consolidating gains is important because it will make the change permanent and it will continue to motivate employees. • 8. Institutionalize new approaches: Institutionalizing new approaches is important because it will make sure that the change is successful and it will ensure that employees are trained on the new procedures.
11 Conclusion • This positive organizational change will help the company sustain a competitive advantage in the global market because it will allow the company to cut costs and become more efficient. This will help the company to compete with larger companies and to stay afloat in the long term.
12 References Kotter, J. P. (1996). Leading change: Why transformation efforts fail. Harvard Business Review, 74(6), 59-67.
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