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Presentation on change management

Presented To Harshali mam

INTRODUCTION TO CHANGE
Change is any alteration or modification in the work environment that affects the ways in which employees must act. Change is the window through which the future enters your life. It's all around you, in many types and shapes. You can bring it about yourself or it can come in ways

CHANGE IS VERY ESSENTIAL PART OF LIFE FOR ALL !!!!!

Changes.

NEED FOR CHANGE


Survival and growth in global competition

Adjustment to environmental changes

How effectively the resources are utilized

Promotion of better customer focus and satisfaction Employees frustration providing moral booster

Change can take place at 3 levels:

Individual _Level Change

Group_Level Change

Organizational_Level Change

FORCES RESPONSIBLE FOR CHANGE

WHAT ARE THE FORCES WHICH STRIVES THE ORGANISATION FOR

CHANGE.

CHANGE OF MANAGERIAL PERSON

DEFICIENCIES IN EXISTING SYSTEM

INTERNAL FORCES
DOMINO EFFECT

CHANGE IN THE MACHINERY AND AUTHORITY

ECONOMIC CONDITIONS

CHANGING ENVIRONMENT

COMPETITION

EXTERNAL FORCES

TECHNOLOGY

GOVERNMENT REGULATIONS

MARKET SITUATIONS

SOCIAL & POLTICAL CHANGES

Sources to resistance to change

Individual resistance

Organizational resistance

5. ORGANIZATIONAL RESISTANCE
Organizational Structure

Organizational Culture

Organizational Resistance

Over determination

Organizational Strategy

Individual Resistance:
Sources of Individual Resistance to Change Selective information Processing
Individual resistance

Habit

Fear of the unknown Economic factors

Security

Overcoming Resistance
Communication & Education Participation & Involvement Negotiation with Agreement

Effects of Change: Acceptance Indifferent Passive Resistance Active Resistance Psychological Outlook

Lewins Three-Step Model of Organizational Change

LEWINS THREE-STEP CHANGE MODEL

Unfreezing

Movement

Refreezing

17

CHANGE IN ORGANISATION

CHANGE IN ORGANISATION

Requires

CHANGE IN THE BEHAVIOR OF INDIVIDUALS

Unfreezing Changing Refreezing

Calls for

PROCESS OF MANAGEMENT CHANGE


PROCESS OF MANAGEMENT CHANGE Old Social System Unfreeze Change Refreeze New Social System

Change Agent

Changing Social System

Change Agent

Mergers and Acquisitions


One plus one makes three (1+1=3) : this equation is the special alchemy of a merger or an acquisition. The key principle behind buying a company is to create shareholder value over and above that of the sum of the two companies. Two companies together are more valuable than two separate companies. Merger
When one company takes over another and clearly established itself as the new owner, the purchase is called an acquisition.

Acquisition
merger happens when two firms, often of about the same size, agree to go forward as a single new company rather than remain separately owned and operated

Merger waves
The economic history has been divided into Merger Waves based on the merger activities in the business world as:
Period Name Facet

18971904
19161929

First Wave
Second Wave

Horizontal mergers
Vertical mergers Diversified conglomerate mergers

19651969

Third Wave

19811989

Fourth Wave

Congeneric mergers; Hostile takeovers; Corporate Raiding Cross-border mergers

1992-2000

Fifth Wave

Major Mergers & Acquisition


Top 10 M&A deals worldwide by value (in mil. USD) from 1990 to 1999: Transaction value (in mil. USD) 183,000 90,000 77,200 73,000 63,000 60,000 53,360 53,000 48,000 Rank Year Purchaser Purchased

1 2 3 4
5 6 7 8 9

1999 1999 1998 1998


1999 1999 1998 1998 1999

Vodafone Airtouch PLC Pfizer Exxon Citicorp


SBC Communications Vodafone Group Bell Atlantic BP Qwest Communications

Mannesmann Warner-Lambert Mobil Travelers Group Ameritech Corporation AirTouch Communications GTE Amoco US WEST MCI Communication

10

1997

Worldcom

42,000

Major M&A
Top 10 M&A deals worldwide by value (in mil. USD) from 2000 to 2009:
Rank 1 Year 2000 Purchaser Fusion: America Online Inc. (AOL) Purchased Time Warner Transaction value (in mil. USD) 164,747

2
3 4 5 6 7 8 9

2000
2004 2006 2001 2009 2000 2002 2004

Glaxo Wellcome Plc.


Royal Dutch Petroleum Co. AT&T Inc. ComcastCorporation Pfizer Inc. Spin-off: Nortel Networks Corporation Pfizer Inc. JP Morgan Chase & Co[

SmithKline Beecham Plc.


Shell Transport & Trading Co BellSouth Corporation AT&T Broadband & Internet Svcs Wyeth

75,961
74,559 72,671 72,041 68,000 59,974

Pharmacia Corporation Bank One Corp Anheuser-Busch Companies, Inc

59,515 58,761

10

2008

InbevInc.

52,000

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