CHRISTINA GOLD LEADING CHANGE AT WESTERN UNION Research Paper

CHRISTINA GOLD LEADING CHANGE AT WESTERN UNION - Research Paper Example Western Union implemented an organizational change that was targeted to raise the participation of all its employees as well as increase its productivity by enhancing adaptability to the environment. Kotter and Cohen suggest an eight-step model of change that can explain how an organization can change in response to different situations in the market so that it can achieve the intended goal. Christiana Gold, the Chief Executive Officer of Western Union implemented an organizational structure change in the company so that it could enhance the productivity of the company in the market. Through her effort, Gold wanted to ensure that the company can achieve high quality performance in the midst of the different things that happened in the market. While Gold’s plan of implementation of change could be related to Kotter and Cohen’s 8-step model, the plan could have had some differences that could be a different approach that can improve the success of implementation of the ch ange. In the first step where Gold wanted to implement change, she identified the things that needed a change and helped the employees of the company to see the need of the organizational change. ... As in Kotter and Cohen’s 8-step model step three (Daft & Lane, 2008), Gold created a vision of what Western Union would be if the changes in the organizational structure were implemented in the company. She had a vision of the company having a global outlook and she focused on the ways through which different people could enhance the change of mindsets of all employees from a small company kind of company to one which would have a world focus. Through different people with whom she interacted, she communicated the vision, and this received the approval of some leaders at the regional level of organization accepting the new structure and showing positivity. This was regardless of reluctance to change that was witnessed in some leaders in America who could not see the essence of the new structure of organization and perceived it as a threat to their positions (Rowe & Guerrero, 2011). The resistance to change that the different people faced in the implementation of the organizati onal structure change would have been easy to address if Gold had encouraged a broad-based action in which the employees and the leaders in different regions would be able to influence the employees (Daft & Lane, 2008). In this respect, the leaders would make it easy to communicate the changes that she wanted the employees to implement, and this would take a shorter time to achieve goals, as opposed to the style she used when implementing change in America, where regional leaders were reluctant to change. In order to achieve this plan of the company to implement change in the organizational structure, Gold advocated for establishment of offices and leaders in the offices that could steer the new plan of the company.

BUSINESS MODELS AND PLANNING Essay Example | Topics and Well Written Essays - 500 words - 1

BUSINESS MODELS AND PLANNING - Essay Example Archetypally, a value chain viewpoint is embraced, and affiliations to dealers and clienteles and other peripheral forces are put into consideration. For instance, corporation ‘fundamentals’, put emphasis on the â€Å"information most pertinent to decision making in the contemporary economic setting concern the enterprise’s value chain (business model, in analysts’ parlance)†. In addition, this technique of theorizing the business model focuses on outlining the company’s manner of undertaking business. On the other hand, a narrow business model entails a business model that bases solitary on in-house aspects in the organization. A business model should not be a depiction of a multifarious social system with entirely its actors, dealings and practices. As a replacement for, they argue that, it ought to designate a company’s significance thus creating logic, the processes that enable this, i.e. the groundwork for generating worth and set up the foundation for hypothesizing the strategy of the business. Occasionally, it propagates in the form of an innovative idea. More often, it encompasses amalgamation of merchandise and service features that offers more quality value. For instance, a cheaper price for the equivalent advantage or supplementary benefit for the equal price. In due course, the aforementioned move achieves its key objective of safeguarding loyal customers along with anticipated sales. Business models incorporate strategies that identify and establishing a significant differentiator. For instance, it comes up with a strategic move to attract attention of the customer or superb performance and customer care. Rationally, these models figure out unique barriers to entry that protect their profit streams. In the long run, this strategy ensures that the business continues to control a desirable market share as well as enjoy healthy profits. The business