The Theory and Practice of Investment Management.

Question: Is change management best implemented with the involvement of staff? Answer: Introduction Change management process is considered to be most important for the evaluation of the growth of any organization. Employees are the one who contributes their best efforts in bringing out the desired positive results for the organization. The trends are changing throughout the world and thus, the change management process has become more crucial for the execution of the business process in a more suitable way. This essay will help in understanding the role of the staff or the employees of any organization in the change management process (Fabozzi and Markowitz, 2011). Cooperation, as well as the collaboration in the desired working styles of the staff, is very important in order to make the change management process, an effective process. In order to manage the process within an organization, awareness and knowledge are two of the most important elements that provide complete information regarding the execution of the business processes (Heagney, 2012). The employees needs to have pr oper knowledge related to the change management process as this will help to execute the business process of the concerned organization in a more systematic way. Main context There is no surprise in the fact that the employees are the most important part of any organization. Trends throughout the market segments have increased the competition level for the different organization to a great extent (Hung and Tu, 2011). The fact arises whether the staffs are responsible for the execution process of the organization or not. The most important are to understand the actual definition of the change management process. It is the desired process which helps in achieving the goals of the business with the use of effective strategies. Skills of the staff members of the organization are considered to be the most crucial as it helps to identify the desired requirements of the business process. According to (Jacobs, 2009) the changing trends have changed the demands of the customers; therefore, there is a crucial need to enhance the growth of the organization with the help of the staff of the concerned firm. The leaders play the most important in taking the organizatio n towards the right direction and helps in implementing the effective strategies for the change management process. The involvement of the staff members helps in bringing out different ideas related to the implementation of the change management process. It is argued that the involvement of the sometimes affects the growth of the organization negatively and sometimes it brings out the positive results for the organization (Markel, 2012). It is to be noted carefully that the different organizations do not changes but the people within the organization changes their view or they are themselves changed with the help of the change management process. The creative ideas of the employees or the staff help in bringing out the positive results for the concerned organization. Kotters eight step change model helps in bringing the desired ideas related to the implementation of the concerned change management process. Planning and the implementation of the effective strategies within the organization are important and this can be done with the involvement of the respective staff of the organization. In the change management process, firstly, the strategy is defined and then the management team is prepared for adapting the change to the organization. This signifies that the staffs of the organization play the most significant role in bringing out the desired change to the organization. In developing the plans the staff of the org anization put forward their own opinion regarding the change management process and after formulation of the plans, the action is taken and implemented this evacuates the desired fact that change management process requires the involvement of the staff. As per the model proposed by Kotter, the change management process compromises of eight of the important steps which include creating urgency between the employees in order to develop a motivation between the employees to bring out the desired change. Next is the formation of the powerful coalition in which the people needs to be convinced that a particular change is very important in order to enhance the growth of the organization. The staffs need to take the active part in order to bring out the positive results for the concerned organization. The next is the creating the desired vision for the change (Vakoch, 2011). This vision needs to be communicative with the employees or the staff in order to maintain efficiency and effectiveness of the concerned organization. It is argued that removing of the obstacles becomes very important and this is done by hiring the successful leaders within the organization. As per the model, the sixth step comprises of creating the short-term wins, wh ich will be helpful for the employees of the organization to achieve the desired goals of the business. According to (Reddy, 2013), the employees needs proper means of training regarding the business process of the organization as it will provide them the desired regarding the implementation of the change management process within the organization. Building the change is important; therefore, the employees should help in the development of the change within the workplace (Organization Development, 2009). It is argued that who takes the responsibility for anchoring the change, the employees and staff need to take responsibility for the change management process within the organization. Each of the staff within the organization should understand the importance of the change management process as it helps to improve the overall performance of the organization. Communication has been considered to be most important for the development of the effective change management process. According to (Richeri, Zhang and Jiang, 2013), there are three of the most important and effective components of the communication process. These are, the subject matter which is communicated, the audience to which it is communicated and the time of communicating. Effective means of the communication system between the employees or the staff helps in understanding the situation in a better way and it will also help in implementing the change within the concerned organization (Seethaler, 2009). It is argued that how the communication could be started. Therefore, careful analysis of the audiences and with the collection of a correct subject matter it needs to be started. This will help in evaluat ing the change management process by involving the staff of the firm. Conclusion The essay highlights the importance of the staff and the employees in the change management process of the organization. The change management process has become more crucial for the execution of the business process in a more suitable way. The employees needs to have proper knowledge related to the change management process as this will help to execute the business process. Planning and the implementation of the effective strategies within the organization are vital and this can be done with the involvement of the respective staff of the organization. Recommendations In order to develop an effective change management process, leaders should provide perfect training to them as this will help in evaluating the growth of the organization. Conflict management strategies need to implement in order to maintain effectiveness within the organization. The employees or the staffs are very crucial for the implementation of the change management process. References Fabozzi, F. and Markowitz, H. (2011).The theory and practice of investment management. Hoboken, N.J.: John Wiley Sons. Heagney, J. (2012).Fundamentals of project management. New York: American Management Association. Hung, S. and Tu, M. (2011). Technological change as the chaotic process.RD Management, 41(4), pp.378-392. Jacobs, C. (2009).Management rewired. New York, N.Y.: Portfolio. Markel, M. (2012).Technical communication. Boston, Mass.: Bedford/St Martins. Organization Development. (2009). New Age International. Reddy, P. (2013). Latest Approach to Improve the Protection of Embedded Systems by Using PGP Technique.IJFCC, pp.121-125. Richeri, G., Zhang, Z. and Jiang, F. (2013). The latest look at media studies in China.Studies in Communication Sciences, 13(2), p.106. Seethaler, S. (2009).Lies damned lies, and science. Upper Saddle River, N.J.: FT Press. Vakoch, D. (2011).Communication with extraterrestrial intelligence. Albany: State University of New York Press.