Change of Management in the British Airways

Change Management in British Airways Name Class Affiliation Instructor Date Table of Contents TOC o 1-3 h z u HYPERLINK l _Toc353214240 Introduction PAGEREF _Toc353214240 h 3 HYPERLINK l _Toc353214241 Context of the change PAGEREF _Toc353214241 h 3 HYPERLINK l _Toc353214242 Evaluation of the nature of such changes PAGEREF _Toc353214242 h 4 HYPERLINK l _Toc353214243 The change management strategy PAGEREF _Toc353214243 h 5 HYPERLINK l _Toc353214244 The challenges and difficulties in implementing such changes PAGEREF _Toc353214244 h 6 HYPERLINK l _Toc353214245 Change management model PAGEREF _Toc353214245 h 8 HYPERLINK l _Toc353214246 Stakeholders PAGEREF _Toc353214246 h 10 HYPERLINK l _Toc353214247 Managerial challenges PAGEREF _Toc353214247 h 11 HYPERLINK l _Toc353214248 Overcoming resistance to change PAGEREF _Toc353214248 h 12 HYPERLINK l _Toc353214249 Managing change PAGEREF _Toc353214249 h 12 HYPERLINK l _Toc353214250 Conclusion PAGEREF _Toc353214250 h 14 HYPERLINK l _Toc353214251 Reference PAGEREF _Toc353214251 h 16 Introduction UK largest international Airline, British Airways, is among the leading airlines in the world, with one of the most extensive route network, running internationally (British Airways, 2010). The income of the airline has been on the increase with the profits for the period between 2007 and 2008 being a total of 8,753, which translated to 3.1 more than the previous period. Throughout its operating years, British Airways has faced different challenges, as it is for all other companies in the industry. During the year 2007, the American economy experienced a crunch due to the bursting of the housing market. This was the beginning part of the 2008 economic crisis, or recession, which had global effects (slund, 2010). Like any other industry, the UK airline industry faced a major setback, British Airways being one of the companies and there was a need to implement changes for long company survival. This paper is an