Effective Change Management: Panacea to Organisational Growth, Effectiveness, Strategy Implementation, Increase Productivity, Competitive Advantage
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Abstract
The contemporary trends in world economies, coupled with global competition, rapid technological development and the astronomical increase in the application of change management principles, developments in planning and control, management creative thinking, and rapid development, and or political downturn are mounting pressures on developments, profits, and nonprofit organisations today. The entire business and government sectors are facing the greatest challenges in this century; they are, every day trying to adjust to and embrace non-stop changes. And, to cope with the ever-busy challenges, managers must, however, be able to learn rapidly, efficiently and continuously, and take on new strategic imperatives faster and more economically. As a response to the prevailing and dynamic nature of change, companies and organisations are having difficulties in achieving sustained performance; they are forced to look for new management approaches to develop a cutting-edge process to deal with existing trends and developments. The effectiveness of organisations accepting and adapting to change will determine the growth, development and ability to understand the workings of SWOT matrix for better job performance. In spite of many studies carried out by scholars and practitioners in the area of change management over the years, much still need to be done about change management and factors inhibiting its success. This paper, however, offers a balanced approach to the relevance of effective change management in building and improving Nigerian organisations.
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