Change Management-Unit 1: Organizational Change:

Doctor ________

Organization change is not:
-Not about ______ change(more the domain of psychology, leadership, etc)
-Not about creating new _______ (more the domain of entrepreneurship, innovation, etc.)
-Focus on what is happening inside existing _______ and in their _______

Organizational Change is: Organizations are social entities formed to achieve _________

Organizational Change is: Organizations perform tasks through routine processes thriving for ______

Organizational Change is: ________ means permanently altering patterns or organization behavior

Reasons why organizations have to change:
1.
2.
3.

______- the internal and external environment of organizations change constantly

________- this poses threats to survival and opportunities to thrive

_______- that creates the need to change

Organizations change to ________

________- competition, customer, behavior, politics, economy, society, technology

________- new products, new markets, new business models.

________- tasks, structure, politics, meaning

In the headlines this week:
-____ or ____?
-_______ losses?
-_______?
-New ______?
-New _____?

________ is difficult

______ (1996) “Leading Change”:

John Kotter “Leading Change”: only __% of transformation programs succeeded

______(2008): survey of 3199 executives

McKinsey: survey of _____ executives; only _____ transformation in _______ succeeds

According to __________(2012), average time companies stay on the Fortune 500 list is ____ years

_______ force companies to change in order to survive

___% of all organizational change projects fail

Even the the ______ and most ______ firms only survive about 40 years on the Fortune 500