It refers to the processes used to manage internal and external changes in an organization. It enables an organization to anticipate and deal effectively with market changes. This process involves adopting new technologies, corporate strategies, and techniques and implementing new tools, knowledge, and resources. As part of the change management process, you should prepare and support employees for change, monitor pre-, and post-change activities, and evaluate progress. More closely managing innovation and change resembles large-scale projects rather than implementing generic strategies.
Principles of successful change management:
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