What is Management of Change and Transformation

Executives at various levels, from Junior to Top levels, have to manage change, albeit of different types and complexities, Organizations function in continuously changing environments, with which they have to align/ manage to compete successfully. While on the one hand changes in the political and socio-economic environment provide impetus for organizations to change, the urge to achieve a desired leadership position in the industry also triggers some thought on how internal changes in the organization could influence the competitive arena. Certain breakthrough ideas give some direction to change, but what is even more significant is the translating of those ideas into action at an equally rapid pace. Executives have to be sensitive to such changes within the environment as well as at competitor level and lead the organization through such phases.