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Change management is necessary in today's dynamic business environment from "summary" of Fundamentals of Management (For B.Com, BBA, BBM and BMS) by J.P. Pathak
In today's dynamic business environment, change management plays a crucial role in ensuring the success and sustainability of organizations. The rapid pace of technological advancements, globalization, and evolving customer demands have made it imperative for businesses to adapt and innovate continuously. Change management involves planning, implementing, and monitoring changes within an organization to minimize resistance and maximize benefits. It helps organizations navigate through transitions smoothly and effectively, ensuring that employees are on board and aligned with the new direction. Effective change management requires strong leadership, clear communication, and a well-defined strategy. Leaders must communicate the reasons for change, the benefits it will bring, and the steps involved in the process. T...
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