The ICICI-model of Strategic Management: A Case Study

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Strategic Management Study-ICICIPage 2 ICICI-Model of Strategic Management Case Study Contents Summary 4 Introduction 5 Models of Strategic Change 5 Comparison of Models to the Current Examples 7 Use of Strategic Interventions in Change Management 8 Drivers of Strategic Change & Need for Change Management 9 Where Organization Does Not Respond to Strategic Change 10 Conclusion 11 Bibliography 12 Summary Change management has been de ned as 'the process of continually renewing an organization's direction, structure, and capabilities to serve the ever-changing needs of external and internal customers. There are various strategic change management models which have impressive theoretical consideration and practical implications in today's world. Out of various models, Kurt Lewin's, Bullock and Batten and Don Kotter have presented some of the most viable models. These models for strategic change provide reasonable mechanisms and processing for introducing and managing change in today's organization. However, while introducing change, it is necessary that internal and external factors causing the change are identified and well-understood so that adaptability to the need for change of change is performed efficiently. Also, while managing the change, it is necessary that organization respond well to the strategic change in order to avoid undesirable implications. Introduction Change management has been de ned as 'the process of continually renewing an

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