CHANGE MANAGEMENT REVIEW
Overview
Change in business happens at many levels. Key examples are the merging of organisations, the loss of production and sales, the changing of the number of shifts on the factory floor, the outsourcing of manufacturing, and the implementation of a new accounting system.
Often a change is required in order for the company to continue to survive or grow. Poor management of the change process can waste a significant amount of money, time and most importantly - goodwill of a company.
In many cases, organisations find it more effective to engage an external helping hand in implementing change to overcome internal resistants and obstacles. Before the change in management process takes place 5 questions need to be answered.
- Why do we need to change?
- What is the change about?
- How and when are we going to communicate the change?
- When does the change need to be implemented by?
- Have we involved all the stakeholders?
What We Do
- Perform a cost/benefit analysis of the change management proposal. It could be possible for example that a proposal may actually unintentionally weaken an organisation’s profitability.
- Review the budget, taking into account all changes in expenses, cost of sales, sales $, and sales units.
- Examine the effects of the proposal on cash flow. It is possible that the cash resources will be insufficient to allow for a change management proposal to take place - i.e. when many redundancy packages have to be paid.
Your Results
Boardroom Innovations will successfully help you implement change.
- You will know how the change has affected your profitability, cash flow, and budget.
- You will have a clearer picture of your future direction.
