(Resolved) Leadership - and - Change - Management - 2

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Leadership and Change

Management

Group Members SID numbers


TABLE OF CONTENTS
Slide 3. Introduction
Slide 4. Task 1 (Determine and Analyze Resistance to Cultural Change)
Slide 5: Task 2 – Application of Theory
Slide 6: Analysis of potential unforeseen problem
Slide 7: Conclusion
Slide 8: References
Introduction
• SIMULATED BOARD ROOM SCENARIO.
• LONDON CENTRAL HOSPITAL (LCH) AND THE IDENTIFIED
ORGANIZATIONAL ISSUES.
• KEY ROLES OF FINANCIAL MANAGER (KOTTER, 2012)
Task 1
Determine and
Analyze Resistance to
Cultural Change
 Reasons for Resistance:
• Potential reasons for resistance to cultural change
• Kotter's 8-Step Change Model (Hofstede, 2003)

Role of Financial Manager

• Financial Manager perceives and deals with resistance to change (Trompenaars and Hampden-Turner, 2003). ​
• Change Management Model (Hayes, 2014)
Task 2 – Application of Theory

 Solutions to Identified Issues:


 Identified issues related to organizational culture, turnover, training, costs, work-life balance, and
communication (Northouse, 2015).
 Utilize Financial Managers strategies and theories for implementing effective solutions (Handy, 1993)

Predict Unforeseen Problems:


• Potential unforeseen problems are specific to the Financial domain (Schein, 2004)
• Financial plans are important (Deal and Kennedy, 1982)
Analysis of potential unforeseen problem

• Boost Morale: Tackle negative culture to prevent revenue loss from reduced productivity and
turnover (Jabri, 2018).

• Financial Stability: Counter high turnover with cost-effective training, ensuring resilience in
financial planning (Banfield and Kay, 2012).

• Inflation Response: Implement adaptive financial strategies to navigate increased costs due to
inflation, maintaining fiscal health.
Conclusion
 The presentation emphasises how important it is to have strong presentation abilities, with a focus on engagement
and clarity when presenting difficult concepts.

 In the boardroom simulation, active engagement and cohesive group dynamics are proven to be essential for
success, creating a welcoming atmosphere for cooperative problem-solving.

 The significance of the collaboration log is recognised since it bears witness to the team's overall dedication.
References
Banfield, P and Kay, R (2012). Introduction to Human Resource Management (2nd Ed). Oxford. Oxford University Press.
Deal, T. E. and Kennedy, AA, (1982). Corporate cultures: the rites and rituals of corporate life, Harmondsworth, Penguin.
Handy, C. (1993), Understanding Organizations, London-UK, Penguin Books Ltd, (4th Ed).
Hayes, J. (2014). The Theory and Practice of Change Management (4th Ed). London. Palgrave Macmillan.
Hofstede, G. (2003) Cultures and Organisations: Intercultural Cooperation and Its Importance for Survival: Software of the Mind,
London-UK, Profile Books Ltd.
Jabri, M. (2018). Managing Organizational Change: Process, Social Construction and Dialogue. (2nd Ed). London. Palgrave.
Kotter, J. (2012). Leading Change. Boston. Harvard Business Review Press
Northouse, P. G. (2015). Leadership: Theory and Practice. 7th Ed. London; Sage Publications Ltd.
Schein, E. H. (2004). Organisational Culture and Leadership. 3rd ed. San Francisco; Jossey-Bass.
Trompenaars, F. and Hampden-Turner, C. (2003) Riding The Waves of Culture: Understanding Cultural Diversity in Business,
London-UK, Nicholas Brealey Publishing, 2nd Edition.

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