The paper "Global Financial Analysis" is an outstanding example of a macro & microeconomics assignment. Change is a process that tends to occur in the daily operations of a company as a way of remaining more competitive in business. Though, change is a normal process, not every employee embraces change with a positive attitude hence most of the time it will face resistance depending on the change process. This paper, therefore, covers an overview of the case study on the fallout from the global financial crisis by examining in lengthy wether the global financial crisis can be described as unplanned or planned change.
In addition, it evaluates whether the reactions of various organizations and governments including Australia are forms of developmental, transitional, or transformational change. In addition, it covers the reasons why many organizations and individuals resist change as a result of the global financial crisis as well as economic turndowns. Introduction This report presents a typical analysis of the case study on the fallout from the global financial crisis ‘ located in Chapter 15. In order to get a clear overview of the concepts and issues underlying the case, the report will integrate various theories and ideas related to organizational change.
The report therefore will present a thorough analysis of three questions related to the case as well as a conclusion. Case analysis Q1. Change can be described as the process that individuals, as well as organizations, foster internally in response to particular environmental or organizational changes. Change, therefore, refers to the leadership and management actions organizations take in relation to a particular change occurring in the organization (Fugate, Kinicki & Prussia, 2008,pp. 1-36). Change in an organization can either be planned or unplanned.
According to studies done by Fugate, Kinicki and Prussia (2008,pp. 1-36), unplanned change just happens in reaction to unseen or unanticipated influences hence in most cases it is usually hard to tell where the change actually came from as well as how it was initiated. Since unplanned change usually occurs as a result of unforeseen events it normally causes organizations and its members to respond to its effects in a highly reactive and disorganized fashion (Fedor, Caldwell & Herold, 2006,pp. 1-29).
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