M801 MANAGING STRATEGIC CHANGE

  
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M801 MANAGING STRATEGIC CHANGE 

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Managing Strategic Change aims to provide learners with a comprehensive framework to understand the theories and models of change management and their application in contemporary organizations in a globalized context. Learners will explore the personal characteristics of effective change agents and develop leadership skills necessary for navigating strategic change management roles in both current and future organizational landscapes.

AIM OF THE MODULE
The aim of this module is to develop learner’s understanding of theories and models of change management and how they apply to contemporary organizations in the globalized world. Learners will understand the personal characteristics of change agents as well as the evaluation and development of leadership skills to meet current and future strategic change management roles.

THE OBJECTIVES OF THIS MODULE ARE:

  • Evaluate how organizational change occurs and how context influences change, including critical evaluation of change theories, the relationship between leadership and change agents, and the influence of organizational structure on change agents` characteristics.
  • Develop and implement strategic organizational change by assessing and selecting relevant theories, tools, and techniques, creating change implementation plans, and establishing measures to monitor and evaluate progress.
  • Analyze stakeholder responses to organizational change by assessing possible risks, applying stakeholder analysis to understand resistance to change, and appraising strategies to manage resistance.
  • Evaluate the role of organizational culture in change management, including reviewing different organizational cultures` influences on communication, power relations, strategy, and change management, and appraising strategies to manage resistance.
  • Develop a toolbox to manage oneself when involved in complex change projects, including evaluating the individual`s role in the change management process, applying change management in an organizational setting, and monitoring the effect of change management processes.


In this assignment (Change Management at Coca Cola Corporation), we will analyze the change management strategies employed by Coca Cola Corporation to adapt to evolving consumer expectations, market dynamics, and internal organizational needs. We will examine the triggers for change, the strategies implemented, and the importance of employee engagement in driving successful organizational transformation.

ASSESSMENT CRITERIA

  • The wordcount should be between 2,000 to 3,000 words (excluding footnotes).
  • The structure of writing where the answers should all be written in paragraph form.
  • References from where you are getting answers to the questions should be from credible and current sources of information from the web or from books.


ASSIGNMENT ANALYSIS

Triggers for Change:

  • Discuss the internal and external factors that necessitated change within Coca Cola Corporation.
  • Analyze how market conditions, consumer preferences, and competitive pressures influenced the company`s decision to embrace change.
  • Evaluate the significance of aligning organizational strategies with evolving business environments.


Strategies Implemented:

  • Examine Coca Cola`s response to external changes, such as entering new markets during World War II and adapting to consumer preferences with new product innovations.
  • Discuss the acquisition strategy employed during the Asian financial crisis and the introduction of new products like Diet Coke and Coca Cola Zero.
  • Analyze the company`s approach to managing challenges, such as the marketing blunder with the launch of "New Coke," and its subsequent recovery strategy.


Change Management Initiatives:

  • Explore the concept of employee engagement as a critical component of change management at Coca Cola Corporation.
  • Discuss the implementation of internal branding programs and employee engagement surveys to foster alignment with organizational goals.
  • Evaluate the importance of employee commitment, performance alignment, and customer focus in driving operational excellence and business results.


Tools and Models Used:

  • Describe the change management tools employed by Coca Cola, such as Force Field Analysis and the AKADAR model.
  • Analyze how these tools facilitate stakeholder involvement, awareness creation, knowledge transfer, and reinforcement of desired behaviors.
  • Discuss the role of effective communication in overcoming resistance to change and ensuring successful implementation.


Recommendations for Coca Cola:

  • Propose strategies for sustaining organizational change and fostering a culture of continuous improvement.
  • Explore the importance of systems thinking in guiding change initiatives and establishing new organizational structures.
  • Discuss strategies for reducing employee defiance and promoting employee participation, negotiation, and support during change processes.


Conclusion:
Summarize the key findings from the case study analysis, emphasizing the importance of proactive change management in driving organizational success. Discuss the role of effective communication, employee engagement, and stakeholder involvement in managing change effectively. Provide recommendations for Coca Cola Corporation to navigate future challenges and sustain competitive advantage in dynamic markets.


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