StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Managing Change - Research Paper Example

Comments (0) Cite this document
Summary
There are 6 countries in the GCC namely: -Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and United Arab Emirates (UAE) which is a community of nations that have pooled together for economic prosperity. This venture goes beyond their common economy driver which is oil, over time…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER91.3% of users find it useful
Managing Change
Read TextPreview

Extract of sample "Managing Change"

Download file to see previous pages These achievements however, have been coupled with various drawbacks but with the application of economic theories with an illustration of the Contingency Theory such hurdles are to be tackled. The study provides recommendations on the various aspects that require adjusting for the economies to thrive even more.
With the onset of the financial crisis within the past decade, the financial markets in the Gulf region have undergone various changes and institutions and business entities have adopted new market strategies to counter the implications of the crisis. The Cooperation Council for the Arab States of the Gulf countries (GCC) - Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and United Arab Emirates (UAE) are keen to improve their economic competitiveness in the international market.
From the early 1970s to the early 1980s the GCC member countries made significant developments in the financial front. The financial institutions were beneficiaries of the lucrative returns brought about by the abundant oil revenue. At the time up to the 1990s, the primary focus of the institutions was on short-term lending trade, building and construction and manufacturing. With the 1990s came global financial integration that entailed the carrying out of economic restructurings especially due to the effects of the Gulf war. Technological novelty and new market strategies centred on consumer-based services were adopted. Following the Gulf war was a variation of loan problems in banks across nations affected by it.
The financial set-up of the GCC has overtime faced a number of challenges that revolve around the augmented role of the private sector in the financial market, the high demand for new financial services and the aspect of global participation. Efficiency and productivity are therefore a principal concern in this modern age.
The countries in the GCC have links with banks that are expansively ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Managing Change Research Paper Example | Topics and Well Written Essays - 3250 words”, n.d.)
Managing Change Research Paper Example | Topics and Well Written Essays - 3250 words. Retrieved from https://studentshare.org/management/1692051-managing-change
(Managing Change Research Paper Example | Topics and Well Written Essays - 3250 Words)
Managing Change Research Paper Example | Topics and Well Written Essays - 3250 Words. https://studentshare.org/management/1692051-managing-change.
“Managing Change Research Paper Example | Topics and Well Written Essays - 3250 Words”, n.d. https://studentshare.org/management/1692051-managing-change.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Managing Change

Managing Change

... have to wait longer at ASDA as compared to Waitrose and Sainsburry (Mirror, 2006). ASDA is at the third number in the UK retail industry on the basis of customer waiting time. This situation is a serious issue for any retail organisation. The management of ASDA should take considerable measures in order to reduce the customer waiting time and to make sure that the company has lowest possible customer waiting time in the UK retail industry. For this purpose, the management has to change some of the working standards and procedures and along with this has to incorporate new technologies. This change is important in order to provide the customers with valuable shopping experience and make sure that there is high customer satisfaction...
3 Pages(750 words)Essay

Managing Change

Introduction and Overview The University of Bradford is a traditional British University established by Royal charter in 1966. There are around 12,000 students studying at the Bradford campus in the UK and another 6,000 studying the University of Bradford degrees around the world. The University’s academic strengths are in the fields of computing, engineering, health studies and life sciences, management and social and international studies. Recently, the International Office at University of Bradford opened its first Regional Office in Dubai Knowledge Village to offer admission support to students who would like to study for a Bradford degree in the UK and assist in delivering it’s prestigious and worldwide recognised MBA progra...
14 Pages(3500 words)Essay

Managing Change

...?MANAGING CHANGE Describe Lewin's change model and the systems model of change Practitioners and researchers have posited that change within a business organization is something that can never be ruled out. Change is such a sensitive process that if it is not managed well it can dislodge the entire system or the business. Hence implementation of change calls for an extra-ordinary effort and Change Management one such extra-ordinary approach. Change management has been defined as (Moran & Brightman, 2001) “the process of continually renewing an organisation’s direction, structure, and capabilities to serve the ever-changing needs of external and internal customers.” Many researchers have worked to define the change models for bring about...
3 Pages(750 words)Essay

Managing Change

...MANAGING CHANGE 2006 TABLE OF CONTENTS Introduction 2 Drivers of Change 2 The Possible Consequences of Downsizing 5 Recommendation 8 Conclusion 11 Reference List 13 Introduction Downsizing has been defined as "a set of organizational activities undertaken on the part of management of an organization and designed to improve organizational efficiency, productivity, and/or competitiveness" (Cameron, 1994, p. 194). A more specific description perhaps is that downsizing is a management tool for achieving desired change through restructuring or re-engineering initiatives by an organization. It involves the reduction in the size of the work force. Downsizing does not merely imply reduction of assets...
9 Pages(2250 words)Essay

Managing Change

...Managing Change The of change management is followed in order to get the current stage modified to form the expected future This change can both be organizational or managerial. Change in an organization mainly occurs as result of its strategical modifications within its operations. It can also be related to any change or whatsoever in the acceptance or removal in some of the practices followed by the organization previously. Change within an organization generally occurs when it happens to undergo modifications in its life cycle. It is also regarded as a process meant to develop or change one or more of its multiple elements within its managerial structure. Organizational leaders and its respective managers make the necessary efforts...
10 Pages(2500 words)Essay

Managing change

...CHANGE MANAGEMENT Change Management Change management refers to the thoughtful planning, sensitive implementation, as well as the consultation and involvement of all the parties responsible for affecting changes in an organization. Change management entails offering and implementing technologies to handle changes in the business environment in order for an organization to yield from the changing opportunities (Kotter & Cohen, 2002). Forcing changes on people normally cause problems since it is natural for people to resist anything imposed on them. Therefore, change management should be measurable, achievable and realistic. This is because these tenets make managing personal change probable. Before commencing an organizational change...
6 Pages(1500 words)Case Study

Managing Change

Furthermore, for such a company to survive through all those years in the competitive market, it has to set its strategies right. In this report, we are going to explore the approaches that Nike towards corporate responsibility.
Nike is therefore developing a new approach to corporate responsibility to consider ways at which it can harness the power of its business so that it influences environmental and social changes as the business grows. As the year 2006 approached, Nike’s acting goal was to make sure that every business unit incorporates corporate responsibility to their development strategies, responsibilities and performance. In addition to that, Nike was going to evaluate success by the extent at which the various busi...
8 Pages(2000 words)Assignment

Managing Change

..., innovation is regarded as one of the fundamental determinants of organizational success. Managers are constantly thriving to bring about changes, in their organization, that are aimed towards the attainment of competitive advantage (Liu and Chiu, 2007). Change management is often regarded as one of the most difficult management functions to execute. This is precisely because of the fact that managing change often involves application of certain ideas that face severe resistances from organizational employees (Kotter, 2008). This is because different employees in an organization have different perspectives and...
12 Pages(3000 words)Research Paper

MANAGING CHANGE

... in their respective competitive business strategies (Irgens, 2011, pg. 169). While making the adjustments, a variety of options considered undergo a process of filtration as well as constraining to enhance them to become consistent with the values, beliefs as and philosophies that are held by decision makers. In respect to GCC banking, the focus on the changing environment need to incorporate all the new and essential concepts as well as trends both beneficial and non-beneficial affecting the banking industry. That serves as an indication that the management needs to focus on effective strategies that consider the impact of the external environment on the internal operations of the business so as to make sure that business operations...
2 Pages(500 words)Essay

Managing change

... of uncertainty associated with the change and the fear of unknown makes them more resistant to change. Considering the overall difficulty and complexity of managing change, it, therefore, requires total commitment from the top management of the firm to strategically deciding how and when change is to be implemented and managed across the whole organization at different levels. How organization can manage the change and achieve the desired results requires a combination of different skills, strategies, tools and techniques in order to reduce the resistance to change as well as to achieve the desired results. Change strategies as well as change management activities can be diverse and may vary from organization to organization. This paper...
6 Pages(1500 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Research Paper on topic Managing Change for FREE!

Contact Us