Change management is the management of change within an organization as it applies to new processes and/or technology.
In short, it saves time and money!
In today’s environment, organizational changes are constantly happening and have become a critical component to adapting to the constantly changing dynamics of the marketplace. Organizations that can properly execute organizational and process changes gain a competitive advantage. Helping employees understand and embrace change is an imperative in such an environment.
Addressing change early within a project and maintaining consistency will reduce stress and anxiety, creating a more adaptable and engaged workplace. Not embracing change will lead to increased project timelines and budget, and ultimately will adversely impact employee morale.
For our own CEO’s perspective, check out Frank Calderoni’s recent article in Entrepreneur magazine, 10 Truths to Change Management.