UnionBank GlobalLinker
UnionBank GlobalLinker

Change Management - Business concept of the day

Change Management - Business concept of the day

Business Development

GlobalLinker Staff

GlobalLinker Staff

23 Aug 2018, 13:01 — 1 min read

Definition: The deliberate effort of an organisation to anticipate changes and to manage its introduction, implementation, consequences & feedback.

Example: During the process of scaling up and taking their operations international, the firm hired a Change Management expert who provided strategies to the management to make the process easier. A few real-life examples of Change Management illustrate the importance of this function.

Business Insight: In the modern economy, digital transformation is a necessity for a firm to stay competitive. Change Management can help tide over the transition process.

 

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GlobalLinker Staff

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