STRATEGIC CHANGE

Leadership and the Management of Strategic Change



Leadership and the Management of Strategic Change

Introduction

Globalization and the rapid change in the business world have created the need for the organizations to keep their pace with these global changes. Increasing competitive environment has also created the alarming condition for the organizations to concern for their present stability and future sustainability in the business world. This is the need that calls for the attention towards the advancement in technology and implementation of better strategies for the business. It is also very important factor that it is not easy for the business organizations to keep maintain their business technologies due to the changes in the world of technology. This creates problem for most of the organizations that it is important to maintain the business operations and manage various tasks that depend on the basic strategies of the organizations. This requires strong management and leadership. It is the management and leaders of the organizations that organize the business operations and regulate business activities for the better productivity. These are the authorities who keep check and balance on the business growth and productivity along with the task of maintaining the business stability in the world. This requires proper decision making regarding the changes in the organizational strategies if these strategies are not appropriate according to the changes in the global business environment. This emphasizes the importance that only those organizations survive which keep changing according to the changes in the environment.

It is the universal phenomenon that to survive in the environment there is need to keep adjustments according to the changes in the environment. This evaluates the need of the effective leadership and management strategies to keep maintain the organization according to the changes in the global environment to bring advancement and innovation in the technology and business strategies. This is the biggest challenge for the leaders to look for the large scale changes in the management and to implement these changes effectively that can result in the growth and progress of the organization. This requires understanding of various concerns regarding the changes in the business environment and most important is that the qualities of an effective leadership play the vital role in governing and regulating these changes. These large scale changes require the leaders to look for all the basic organizational structure and to re-examine the goals, missions and target of the organization as well as to check whether these already existing goals and objectives are still relevant according to the changed global environment. The change and adjustment in these organizational strategies are termed as strategic changes. All these strategies are to be properly analyzed by the leader and also need to understand the changed global environment and future requirements to ensure future existence. It is required that a leader must make proper measures to understand the factors on which these conditions and strategies depend. Apart from all these another important element is that role and qualities of the effective leader is also plays ...