In this Managing change process assignment, thorough discussion would be carried about on the company named Info Edge which is into hardware services and venturing into the software services so that it can gain competitive edge in the market. There would be 5 Tasks. Each task will be contributing to the opportunity for change and its management. The impact of change on the stakeholders as well as the employees of an organization would be analyzed. The model or the process of change that Info Edge should adopt in order to successfully implement it.
In this Managing change process assignment we will identify the position of the company in the market and various opportunity of change that could be brought about in the company for achieving the organizational objectives and gaining a competitive advantage.
Company “Info Edge” is in the development of the hardware for the retail and banking sector. This company is formed around 5 years back. It is owned by a person who earlier was working with IBM as Vice President Projects. It faces a strong competition from various other small sized Information Technology companies in the market. It can be placed at number 25 among all small sized IT companies in this sector. Its position has been low due to its services that it caters only the hardware for the various companies. It has not been providing software solutions due to its skills in hardware only. The owner of the company is into hardware and the team it has employed in terms of a medium sized organization is also involved in hardware. It does not have skills and necessary manpower into software solution design and development (Armenakis&Bedeian, 1999).
Info Edge is in business for 5 years and has been catering to the needs of the hardware and various tools and equipments that are being needed in the banking and the retail sector. It has been observed that company worked for one of the banking and retail chains that have stopped working with the companies who used to outsource the needs of their software. The outsourced companies used to develop the software for them. These companies had been charging more. These banks and retail companies have asked Info Edge to take up the assignment of software development along with the hardware that they have been providing. This request has been made by very senior person working with the bank and retail company. They have told that they are happy with the hardware services of Info Edge and can take outsourced software solutions from Info Edge in spite of it being not experienced in Software.
This is an opportunity for change for Info Edge. It has been realized that the companies which are into software development have been gaining more business volumes and profitability. Hardware has lesser margins. This opportunity has been given to the company in spite of the fact that they are only into hardware solutions. They do not have to prove their credibility or the reliability in the software solutions. In case Info Edge will open up its software operations along with the hardware services, they will compete better in the market. They will have competitive advantage in terms of the solution providers for both hardware and software and companies have been looking forward for these services. They will get comprehensive packages in terms of IT solutions from their clients and make up with higher margins. They could meet up the needs by hiring the people in software skills and deploy them for bank and retail companies which once proved will act as a tool for competitive edge in the overall market (Morin &Thuiller, 2009).
It could be said that this opportunity means that Info Edge has to change itself in full in terms of employment of the manpower, setting up of research and development department and other related information technology services.
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It could be said that although it is an experiment but this opportunity of change once converted into strength will result in the success and overall development of Info Edge giving it a competitive edge in IT industry.
In this task we will introduce a change method or the model that Info Edge could use in order to bring about successful organizational change. Communication of the change is very important task. It would be discussed as how this change would be communicated successfully.
Info Edge had always been in the hardware services. It has never provided software services to any of its client since inception. This change opportunity thus has to be planned from the scratch. The best model that could be used in order to bring about this change successfully can be explained with the help of Kotter’s 8 Step Change Model:
Kotter’s change model is very crucial for the correct implementation in the company. It will help in successful implementation of change. Communication should be often done among the team members and the management so that the change is accepted as a process. It even gets modified as per the requirements.
In this task the positive and negative impact of the change would be discussed. An analysis on the impact of the change on the organizational stakeholders would also be done.
Whenever any change is brought about in the organization, it leaves positive as well as the negative impact on the employees. These are employees only who are linked with the change. The positive impact of the change on employees would be:
The negative impact of the change on the employees would be:
It is usually said that change happens for the positive only. Unless the employees accept it with full spirits and clear vision, they will not be able to implement it successfully.
Change will definitely impact the organizational stakeholders. They are the people who have profits and loses linked with the success of the company. They are really and completely terrified till the change proves out to be a success for the company. They sometimes fight also in case they feel that change would take away their profit and investment margins. These stakeholders will become happy and satisfied when the change brings volumes of business, competitive edge and profit margins to the company. This is because they will also have share in it that would be increased from previous times and vice versa (Van de Ven& Poole, 1995).
Change brings positive as well as negative impacts with it. This impact leaves an impression not only on the employees working for the company but also its stakeholders. It is important that change is brought about after thorough analysis and evaluation.
In this task a discussion would be carried out on the various organizational objectives that could be achieved with the help of the implementation of the change. A discussion on the ways by which the change could be monitored and measured would also be done.
Info Edge had been on 25th number as a positioning in the IT market, it was due to its non-existence in the software which had been gaining popularity. Once the change is implemented in terms of the software implementation and business for the bank and retail companies, it will open up its ways towards the progress. They will gain a competitive edge over other IT companies as they will have both the services and can offer a comprehensive package on the IT services to various companies. They will earn on more revenues and profitability. The objectives that Info Edge has set for itself would be achieved easily. It will come at a more significant position in the organization. Employees would also grow and stakeholders would also get benefited. The overall profitability and success of the enterprise could be achieved through this means. It used to be only in hardware and the companies which were successful had software specialization. Once Info Edge will gain success in even the software implementation, it will be able to succeed in its business operations.
When a change is implemented and it gets successful, it helps the companies in achievements of its objectives in full. Info Edge would be able to achieve its objectives as it will work towards the positive side and become a comprehensive service provider for hardware and software solutions (Vosniadou, 1994).
In this task a plan would be development for the employee involvement, management strategic implementation and monitoring of the change process.
Senior Management plays a very critical role in the change process and its implementation. They have to support the team which is involved in the change implementation in all the ways. It has to make sure that they do not doubt on the credibility and reliability of the team. They have to support them from the financial point of view as well. In case sometimes, the budgets get exceeded they have to approve the budgets and help the company and team in achieving them. They do not have to interfere in all the steps of the change process. They should believe and give full freedom to the employees so that they do not have to wait for the small decisions that have to be taken in the change implementation. In case the budgets exceed and employees submit the revised proposal then management should not take time to approve it and ensure that a time does not get wasted.
It is important that all the individuals are supported for the successful implementation of the change:
Monitoring of the change is very crucial in order to realize the level of its achievement. The plan for the implementation and monitoring of the change process is as follow:
Once the change is implemented, the outcome would be positive and successful in case the successful monitoring process has been implemented along with change process. It may be negative in case there is no track, auditing of checking of the change process has been done. Also organizational objectives are achieved when the changes are successfully implemented within the company. Company will be able to exceed the expectations of the employees, its objectives and even the clients and customers requirements. Banks and Retail companies that have requested Info Edge for software comprehensive services will remain satisfied and happy with the company. Company will gain both hardware and software outsourcing solution from these clients gaining revenues and profitability (Weick & Quinn,1999).
Change monitoring and progress tracking is very crucial for the implementation and achievement of the company objectives. During the change process it is essential that employees and the team working on it is completely supported and backed up for the implementation of the change process.
Change is an opportunity that will definitely bring positive as well as negative impact on the employees and the stakeholders of an organization. Info Edge being a hardware company had implemented software solutions in its services. By following the Kotter’s step of change management and implementation, it was able to bring about growth and success in the organization.
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