Change Management Strategy (PowerPoint PPTX)

BENEFITS OF DOCUMENT

1. Provides a framework for developing a Change Management Strategy upon concluding a transaction

DESCRIPTION

This product (Change Management Strategy) is a 24-slide PPT PowerPoint presentation (PPTX), which you can download immediately upon purchase.

Seventy percent of change programs fail, according to the April 2001 Harvard Business Review article, "Cracking the Code of Change". According to Bain & Company, businesses that implement fast, focused, and simultaneous change programs can create enormous and long-lasting shareholder value.

The purpose of this Change Management Strategy framework is to provide a standard methodology and framework for Change Management projects following a transaction. The Change Management Strategy can be used as a guide for HR Business Partners and Transaction Advisors dealing with acquisitions, disposals, divestitures, and the like, on how to complete a Change Management project. It will help to drive a consistent approach to manage organizational change.

LEARNING OBJECTIVES
1. Acquire knowledge on the basic concepts of change management.
2. Define the change management process and explore the model and tools for managing the change.
3. Identify the phases and best practices of change management within the context of a transaction.

CONTENTS:
1. Overview of the Change Management Strategy
2. Proposed Change Management Model
3. Proposed Change Management Process
3.1. Phase 1 – Preparing for the change
3.2. Phase 2 – Managing the change
3.3. Phase 3 – Monitoring and reinforcing the change

This Change Management Strategy framework also delves into the categorization of change, distinguishing between developmental, transitional, and transformational changes. It provides a clear roadmap for identifying and managing both organizational and individual changes, ensuring that all aspects of the transformation are addressed comprehensively. The framework emphasizes the importance of aligning change management activities with the overall project timelines to maintain coherence and effectiveness.

Key tools such as People Readiness, Communication, Engagement, and Leadership are outlined to facilitate the transition from awareness to adoption. Detailed roles and responsibilities for the change management team, sponsors, and champions are specified to ensure accountability and effective execution. The PPT also includes a stakeholder engagement plan to keep all parties aligned and informed throughout the change process.

Source: Best Practices in Change Management, M&A (Mergers & Acquisitions) PowerPoint Slides: Change Management Strategy PowerPoint (PPTX) Presentation, Corporate Finance 101