Example of Change Management - 3813 Words

GlaxoSmithKline CHANGE MANAGEMENT GlaxoSmithKline The change situation that has been chosen is the cultural change and post merger integration of the Ramp;D department of the company in 2000. During the process, an organization is experiencing a change, how the organization finds, decides and forms its figures are the most important aspects for its future. The ability to change means a tacit process, prepositional concept that lies in the bottom line, because explicit skills are after all merely snapshots of what an organization currently has. Needless to say, this ability has relation to an organizations sustainability. The importance of change and change management in todays turbulent business environment has escalated.†¦show more content†¦The trends in personal disposable income has seen steady rise of 14% in the period of 2002-2005. This growth has been assisted by low unemployment, low inflation and falling interest rates for much of the period. * The UK business cycle shows that the current cycle started in the early 1999; peaked in 2001 and then saw its lowest point in 2003. It can also be inferred from the cycle diagram provided below that long term gove rnment economic policies and stable inflation rates have made these cycles less pronounced then before. This is good news for all the businesses in UK as these cycles have less impact on them now then before. Social: * National Health Service (NHS) has projected that healthcare spending growth will remain fairly constant till 2014, growing at the rate of 7% every year. This table growth in the healthcare spending can be seen has an opportunity for ethical drug manufacturers like GSK. * The number of people aged 65 and older has more than tripled since 1950s to reach 420 million worldwide. The UK Census and National institute on Aging have predicted that by 2030, one in every 5 UK citizens will be aged 65 or above. This prediction is based on the analysis showing that the fastest growth between 2002 and 2005 is among those aged 55-64, representing the Baby Boom generation. Technological: * Soaring energy costs are driving the price of packaging materials.Show MoreRelatedChange Management Essay example1644 Words   |  7 PagesChange Management Change management according to many becomes essential for the following reason: external pressure; which can encompass competition, new technology, cost, and regulation changes. Furthermore, economic and social conditions can escalate long-term change necessary. This paper will discuss several aspects of change management models, theories, and application thereof. 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