Merrill Lynch Change Management Case Study Example | Topics and Well Written Essays - 2250 words

Merrill lynch Change Management - Case Study ExampleThe goal of diversify management is to make sealed that revision is not being resisted by employees and is being properly incorporated. To make the process of change smoother, a structured and systematic approach should be used.One thing we should always remember is that even though it can be necessary, we should not bring about a change just for the sake of changing. ordinarily these changes ar done to stay competitive, to upgrade the company. The necessity of change does not take place from deep down the firm it is usually because of outside drivers or forces. There are many models which help in change management. One of these is the AKDAR model Awareness, Desire, Knowledge, Ability and Reinforcement. According to Tech-FAQ, this model saysAwareness is sharing the knowledge of why the change is taking place. Desire is having the motivation to participate in the change process. This desire must exist for the employees and the establishment as a whole. Knowledge of how to change must be known, not just that there is a need to change. Ability is making the change happen by changing behaviours and implementing new skills. Reinforcement is when individuals and organisations are reinforced to sustain the changes making them the new behaviour otherwise they will go back to their hoar behaviour. Literature ReviewThe force field analysis, developed by Kurt Lewin was developed initially for companionable points. It talks about forces which can help you achieve your goals or factors which will hinder the process of acquire towards your goals. According to 12-Manage, Lewins view of this analysis is that issue is held in counterbalance by the interaction of two debate sets of forces - those seeking to promote change (driving forces) and those attempting to maintain the status quo (restraining forces). The driving forces should be more than the restraining forces this would shift the labyrinthine sense and a change will occur. The force field analysis is a method which helps in identifying the close important target groups for a campaign, identify competitors, it helps in identifying how to influence these target groups and helps in investigation the balance of power regarding an issue. The driving forces are written on the left while the restraining forces are written on the right. The force field analysis consists of a series of steps according to Valuebasedmanagment.net, 1. Analyse the current situation 2. Know the desired situation3. Identify where the current situation will go if no action is interpreted 4. List all the driving forces toward the desired situation 5. List all the restraining forces toward the desired situation 6. capitulum all of the forces are they valid Can they be changed Which are the critical ones 7. Give a pass water to