Kotter Model Examples

Leadership is a key core component at the heart of every successful business. The methods in which today’s businesses develop and implement changes to work environments, company culture, and company processes is defined as organizational change management. In a 21st century technological society, the ability to organize resources for develop and implementation of organizational changes with minimal risk is a coveted skill. Corporations must embrace the dynamic environments and strategically adjust as appropriate while remaining profitable. Increasing industry competition amongst competitors, diverse workplaces, reengineering processes to reduce costs, and constant mergers and acquisitions (M&A activity) have forced many companies to reconsider their change management processes. As such, activities continue to increases there individual influences on the company profits broadens. The principle concept of organizational change management is to influence the behavior of people not through force but through motivation concentrated at the proposed change.

ORGANIZATIONAL CHANGE METHODS
KOTTER MODEL

The Kotter Model consisting of a sequenced eight-step change management process is used frequently by business in its entirety
One can conclude that majority of the decisions we see are Theory E in nature due it impact on families and communities. Having work experience in the financial services industry, although I am not a Bank of America employee the recent mortgage workforce layoff is an example. Bank of America elected to reduce their workforce due to declining mortgage revenue from trouble loans. Often such decisions with utilize third party resources to explore all possible options prior to senior management decisions. Investors and informed consumers all agree that the principal reason for a company’s existence is to generate a