Prudential Uk: Rebuilding a Mighty Business Essay

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5 February 2012 Prudential UK: REBUILDING A MIGHTY BUSINESS A case study answers Submitted to the Department of Business & Social Studies In the School of Human Resource Development in partial fulfilment for the degree of Doctor of Philosophy in Business Administration Of Jomo Kenyatta University of Agriculture and Technology Case Study - DBAS 4104 –Organisation Dynamics Solomon Kinyanjui HD 433-C002-2986/2011 Questions: 1. Discuss the relevance of Kotter’s model in bringing about change in Prudential UK. Professor Kotter 8 Step Process organizations can avoid failure and become adept at change. By improving their ability to change, organizations can increase their chances of success, both today and in the future.…show more content…
• Expertise: All relevant points of view should be represented so that informed intelligent decisions can be made. • Credibility: The group should be seen and respected by those in the firm so that the group’s pronouncements will be taken seriously by other employees. Leadership: The group should have enough proven leaders to be able to drive the change process. -Wood creates an internal task force made up of a dozen rising stars who he had spotted or were recommended to him. - Mcnish (project sherphard) on joining quickly sets about assembling a four person team capable of driving forward the change program. -Drew Watson,at Woods request takes the executive team for a “honest dialogue workout” .They worked out on how the team was doing against a number of team principals. -the idea was to promote straight talk based on trust. - Step 3 - Developing a Change Vision • Create a vision to help direct the change effort • Develop strategies for achieving that vision Thus, effective visions have six key characteristics, They are: • Imaginable: They convey a clear picture of what the future will look like. • Desirable: They appeal to the long-term interest of employees, customers, shareholders and others who have a stake in the enterprise. • Feasible: They contain realistic and attainable goals. • Focused: They are clear enough to provide guidance in

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