MGMT3001 Lecture Notes - Lecture 8: Mergers And Acquisitions, Competitive Advantage, Social Capital
8 Mar 2020
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Mgmt3001 lecture 8 organisational change + evaluating success. Or: any change that those in a position of power to decide the firm"s strategy has declared is. Most common strategic changes": change in competitive position of the firm, changes in corporate structure, result of mergers & acquisitions, alliances and partnerships, geographical expansion. Forces for change and stability: adaptability, cost containment, control, competitive advantage. Reorientation - of identity / values, frame bending. Re-creation fast change of all basic elements, frame. Institutionalism: transaction costs, sustained advantage, organisational social capital, predictability and uncertainty reduction. The planned approach to org change: the three step model of change, unfreezing, moving / change, refreezing formulate a strategic vision and develop chnage initatives designed to capitalize on the big opportunity build and maintain a guiding coaliation. Create a sense of urgency around a single big opportunity communicate the vision and the strategy to create buy- in and attract a growing.
