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