Navigate the realm of strategic management, change, and turnaround strategies with this insightful presentation. Explore the dynamic landscape of organizational transformation, diving into the art of effective change management. Discover the key components of successful turnaround strategies and crisis management techniques employed by visionary leaders. This presentation offers a holistic view of strategic decision-making, emphasizing the pivotal role of adaptability, innovation, and strategic planning in steering organizations through transformative phases and towards sustainable success
3. Change in business refers to the modification of an
organization's processes, products, services, or
structure to adapt to new circumstances or improve
its performance.
What is Change?
4. Business Change Example
Netflix's Transition to Streaming:
Netflix was once a DVD-by-mail rental
service, but in the late 2000s, the company
recognized the potential of streaming
video and began to shift its focus. By
2010, streaming accounted for the
majority of Netflix's revenue, and the
company is now the world's leading
streaming entertainment service.
6. What is Change Management
Change management is the process of guiding
organizational change from start to finish,
including planning, implementing, and
solidifying changes in an organization
7. ● Back in 2008, Domino’s Pizza was
in trouble
● The brand adopted new technologies,
a new bespoke delivery truck with a
heating oven, was unveiled and used
as a form of marketing.
● Domino’s Pizza was back on its feet
in 2012
Example of Change Management
9. Why is change management important?
Understand and
predict changing
customer needs
Adaptability
mechanisms
Mitigate
resource-related
risks
Critical to
success
Change is
inevitable
10. Why is change management important?
Increases employee
engagement and
satisfaction
Predict and decrease
project overhead
Open to innovation
It improves your
company culture
Improve and
optimize business
processes
11. Ineffective change
communication
Lack of clarity Lack of governance
Change resistant
culture
Strategic
shortcomings
Change fatigue
Barriers to Change Management
15. 2. KAIZEN in Change Management
Kaizen Change Model is a methodology for
continuous improvement that emphasizes
making small, incremental changes to processes
and systems to achieve better results.
19. What is Turnaround Strategy ?
The Turnaround Strategy is a retrenchment strategy followed by an
organization when it feels that the decision made earlier is wrong and
needs to be undone before it damages the profitability of the company.
20. Dell is the best example of a turnaround strategy.
In 2006. Dell announced the cost-cutting measures
and to do so; it started selling its products directly,
but unfortunately, it suffered huge losses. Then in
2007, Dell withdrew its direct selling strategy and
started selling its computers through the retail
outlets and today it is the second largest computer
retailer in the world.
Example of Turnaround Strategy
21. Indicators of Turnaround Strategy?
• Continuous losses
• Poor management
• Wrong corporate strategies
• Persistent negative cash flows
• High employee attrition rate
• Poor quality of functional management
• Declining market share
• Uncompetitive products and services
22. Stages in Turnaround Strategy
Emergency
Action
Change the
Leadership
Team
Situation
Analysis
Business
Restructuring
01 02 03 04 05
Return to
Normal