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It is the systematic application of tools, knowledge, and resources to adapt to change in a business.
To tackle conflict of interest and avoid escalations, it is essential to develop a plan that helps manage change in alignment with your company's culture, goals, targets, and motto to maintain stability amongst your workforce. A five-step approach to change management may help: understanding the current state, envisioning the desired future state, implementing in an orderly manner, analysing the impact of the action, and reiterating the reason for the change.
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