Intro/Conclusion

In: Business and Management

Submitted By cas0112
Words 327
Pages 2
Introduction The face of business is ever-changing, and companies must evolve to stay relevant within the industries in which they operate. This evolution of business brings about many changes to the operations of a company, as well as development of the people who execute the operations. As we have seen in the InterClean simulation, there are many factors that can make or break these changes. A case for change must be present, and having a well laid out plan for the business and the people will help identify any potential issues that may arise. The following will identify companies that have faced change, some which have executed it successfully, and some which had issues or errors with the execution of their plan. While some companies faced personnel issues, others have faced branding or customer issues, all which have an impact on the success of a change.

Conclusion As we have seen, the management of a change within an organization, or related to a merger of two companies into one, can be a volatile time for a company. To be successful, a solid plan that encompasses the needs of the stakeholders, including the customers, employees, and shareholders, must be instituted. The AOL and Time Warner merger was successful, largely due to the fact that they had a well established plan, had a leader who believed in that plan, and executed that plan as designed. On the other hand, the Kmart merger with Sears was not successful, as they were not prepared for that their industry and consumer’s needs were, and they have yet to be able to rebound from this time. Although many factors influence the success of change for an organization, it is evident that one that is well planned, believes in their plan, and entices their employees to execute the plan, are more likely to have long term success and can weather any external or internal storms that may arise in the…...

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