Managing change Case Study Example | Topics and Well Written Essays - 1500 words

Managing change - Case Study Example This is because these tenets make managing personal change probable. Before commencing an organizational change; individuals should ask questions such as; what is the organization going to achieve with the change? How and why will they discern that the change is successful? Who will be affected by the change, and what will be their reaction? To what extent can the change be effected with help; and in what areas should assistance be sought? These questions guide the individual effecting change since it makes him or her understand what is being done. This paper shall seek to explain the change management effected in a local insurance company; so that it could be saved from imminent collapse after going bankrupt. The eight stages of change management, as well as three tools of needs assessment, will be used to analyze the change management initiative. Since the local insurance company needs a powerful restructuring plan to save it from imminent collapse, it should consider downsizing some of the high level executive positions. Additionally, it should thin down its organizational chart by laying-off some of the employees conducting programs that are no longer aimed at bringing the company back to its feet. Laying-off workers who have stood by the company for the many years is not an easy task; therefore, it should be done with extreme caution. First and foremost, the underperformers and the underachievers should be the ones to face the axe. This is because they add little value to the company and their dismissal would do the company good. Secondly, while downsizing some of the high level executive positions, it should be noted that some roles done by one executive duplicate to another executive. Therefore, such situations should allow the merging up of two different portfolios that perform almost similar roles. In order to make the change management effective, it is necessary to use Kotter’s eight steps of efficacious change

Female Entrepreneurs Essay Example | Topics and Well Written Essays - 5000 words

Female Entrepreneurs - Essay Example The importance of women entrepreneurs has been greatly felt across the globe in the last decade. Interestingly, in developed countries, women own 25% of total businesses and are starting up new ones at a faster rate than men (Woldie and Adersua, 2004). In fact, besides making a contribution to the economy, women through their different management styles have been adding innovation, diversity, and choices to the business organizations they own. While studies done in the past have improved the understanding about female entrepreneurs, the issues which have not been addressed in-depth are – What are the management styles adopted by women and how do they affect or have an impact on various aspects of organizational performance.This paper, will, therefore, focus on the growing number of women entrepreneurs in the last decade, their management styles, the impact of their management strategies on the success of the organization and whether their style is different from their male cou nterparts or not.The purpose of this report is to provide information on this research topic which will be used as a basis for my third-year project for the BA Honours for a Business degree with a management minor at Croydon College. As a woman in business, I have spent over twelve years conversing and engaging in business activities with many other women and it has intrigued and inspired me to investigate, explore and examine a few of the variables that make a woman into a successful entrepreneur.... 1. Introduction The importance of women entrepreneurs has been greatly felt across the globe in the last decade. Interestingly, in developed countries, women own 25% of total businesses and are starting up new ones at a faster rate than men (Woldie and Adersua, 2004). Infact, besides making a contribution to the economy, women through their different management styles have been adding innovation, diversity and choices to the business organizations they own. While studies done in the past have improved the understanding about female entrepreneurs, the issues which have not been addressed in-depth are - What are the management styles adopted by women and how do they affect or have an impact on various aspects of organizational performance. This paper, will, therefore, focus on the growing number of women entrepreneurs in the last decade, their management styles, the impact of their management strategies on the success of the organization and whether their style is different from their male counterparts or not. The purpose of this report is to provide information on this research topic which will be used as a basis for my third year project for the BA Honours for Business degree with a management minor at Croydon College. As a woman in business I have spent over twelve years conversing and engaging in business activities with many other women and it has intrigued and inspired me to investigate, explore and examine a few of the variables that make a woman into a successful entrepreneur. As part of the research, I also want to investigate management styles to understand if there are any particular types of management styles which assist the women in becoming successful and how do they differ from management styles adopted by their male counterparts. I have personally