CLOSING A FACTORY: CHANGE MANAGEMENT

Closing a Factory: Change Management

[Name of the Institute]Closing a Factory: Change Management

Introduction

One of the basic reason as to, why company can face issues and challenges is the issue of inertia. The fundamental principle of risk management states that nearly all the entities subsist to offer significant value to its stakeholders. Every company or face problems and challenges due to avoidance of uncertainty. However, on the other hand, the employees of the company are reluctant to change with the changing environment (Houlder, 2005). The challenge for management here is to accept the uncertain environment and manage and deal with all the issues, in order to strive and grow the value of stake holder. Uncertain environment provides both opportunity as well as risks. It mainly depends on the management as how to deal with the issues and prove the potential to corrode or increase the value (hbr.org). Things change with the changing time, it is therefore, essential for the company to highlight the significant factors that will lead towards the better establishment of the employee's career. With the help, of highlighting the vital factors that will help the employee to peruse a better career will also be beneficial for the company to make the changes as per the demand and requirements of the changing environment (Donald, 2005, pp 15).

However, on the other hand, the companies all across the globe faced destruction due to the factors that lead towards the reluctance to change in the employees. The prime management's main aim here is to guide their employees, as well as encourage them towards the process of change (www.leadway.org).

The instability of the company mainly is because of the issue that the employees or the workers hesitate to change. This inertia towards the change is generated and causes a lot of destruction to the company. Over the years, the main issue that lead towards the destruction of the company is due to the hesitation of the employee to change. However, over the years the writers and researchers have focused on the factors that lead to such consequences. Therefore, it is very much essential for firms to ensure and guide the employees of the companies and motivate them towards the process of change.

Explanation & Justification of the Programme

The success or failure of an organisation depends on how efficiently and effectively the operations are carried out by the people working in the organisation. This in turn is dependent on the change management which is embedded in the work environment and according to which the workers perform their tasks. It is necessary to measure the associations between the strategic objective and team performance of Edmondson UK. This uses a mix of different performance management tools. Score card methodology can also be used by Edmondson UK. The same principle is used at a strategic level. On the factory level, the company should use the classical hierarchical management. Depending on the size of the store, it is divided into six sections usually they are, front end (check ...