Change management is a structured approach to shifting transitioning individuals’ teams and organizations from a current state to a desired future state. It is a process aimed at helping employees to accept and embrace change in their current business environment. Change Management is a systematic approach to dealing with change it can be an organizational and on the individual level. Change Management has at least three aspects adopting to change and controlling change and effecting change. For an organization change management means defining and implements procedures and technologies to deal with change in the business environment and to profit from changing opportunities. There are four key features of change management:-
1) The change is the result of dissatisfaction with present strategies.
2) It is essential to develop a vision for a better alternative.
3) Management has to develop strategies to implement change.
4) There will be resistance to change.
Retrieved from http://www.change-management.com/tutorial-defining-change-management.htm
The Gemini 4Rs framework
The transformation process must create a vision, make the company lean and fit, create market opportunities and impart new ways of doing things. Gouillart and Kelly argue that the transformation exercise fails if one of the 4 Rs - reframe, restructure, revitalize and renew - is missing.
♦ Reframing – It is the process of setting a corporate vision.
♦ Restructuring -It is the process of removing the fat from an organization.
♦ Revitalizing – It is the process of finding new products and markets.
♦ Renewal – It is the process of development that focuses on the individuals. It is needed to align individual skills with organizational requirements. Retrieved from http://www.goldsmithibs.com/resources/free/Managing-Change/notes/Summary%20-%20Managing%20Change.pdf