This Exercise requires you to reflect on the following three things: 1. The extent to which any specific change process will generate implications for the organisational stakeholders most directly affected, 2. What the nature of those implications might be, and 3. How the change manager can best take those implications into account as the change process is implemented. In short: 1. Who are the stakeholders that change managers need to think about, 2. What are their attitudes to change likely to be, and 3. How can those attitudes be most effectively reconciled? In 500 words Critically analyse the impact of organisational change management processes that might be introduced in response to your chosen change driver. In formulating this Exercise, consider the following questions: What impacts, if any, will those changes have on the value creation, modus operandi and value capture elements of the firms existing business model? What individuals, groups or communities of interest will be affected by the changes you plan to make? What do you expect to be the nature of the general attitudes displayed by each of those stakeholders? What specific actions would you anticipate taking in order to ensure an appropriate and ethical response to stakeholder concerns about the proposed changes? Reading resources and references to be used are as follows: Journal Cavalcante, S.A. (2014) Designing business model change, International Journal of Innovation Management, 18 (2), pp. 1-22. Graetz, F. & Smith, A.C.T. (2010) Managing organizational change: a philosophies of change approach, Journal of Change Management, 10 (2), pp. 135-154. Mayfield, P. (2014) Engaging with stakeholders is critical when leading change, Industrial and Commercial Training, 46 (2), pp. 68-72. Whelan-Berry, K.S. & Somerville, K.A. (2010) Linking change drivers and the organizational change process a review and synthesis, Journal of Change Management, 10 (2), pp. 175-193. Who Are Your Stakeholders? High Performance Organization Global Alliance (2014) Who are your stakeholders? [YouTube Video, Online]. Available from: https://www.youtube.com/watch?v=W49CSvqbVyo(Accessed: 6 September 2016). Note: The approximate length of this video is 2 minutes.
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