Change, Challenge and ManagementINTRODUCTIONFew words can strike more fear in the heart of an individual than 'change'. We are creatures of habit and we feel safest when we do what we know. But how are the three distinct words “Change”, “Challenge” and “Management” connected? These words are interconnected and interdependent. Effective change management involves aligning all company resources (physical assets, know-how, technology and people) simultaneously, but with different intensity at the organizational, work group and team levels. individual. Yes, it's a challenge. This is the challenge of the modern business: to be relevant in the context of its dynamic market and to maintain this relevance even in the face of a radically changing environment and technological base. CHANGE AND MANAGEMENT “Change”, as defined in the dictionary sense. involves causing it to be different or to undergo an alteration or transformation from one state or phase to another. “Management” is defined as: manipulating or directing with a certain degree of skill or skill; treat with care and perform executive, administrative and supervisory functions. Change management guidance is a structured approach to moving individuals, teams, and organizations from a current state to a desired future state. The current definition of change management includes both organizational change management processes and individual change management models, which are used together to manage the people aspect of change. The three dimensions of change are:1. Content-objectives, purpose and goals-WHAT2. Process-implementation-HOW3. Context - internal and external environment - WHERE Successful change is the result of the interaction between ...... middle of document ...... and by structuring your efforts accordingly, you can ensure the success of changes, even the most complex, within your organization. EXAMPLE OF SUPPORT-JACK WELCH (GE) - “CHANGE BEFORE YOU HAVE TO” Jack Welch has worked for the General Electric Company (GE) since 1960. After taking GE with a market capitalization of 'about $12 billion, Jack Welch grew it into one of the world's largest and most admired companies, with a market value of around $500 billion, when he stepped down as CEO 20 years later, in 2000. Although Jack Welch was "the famous leader of a global manufacturer often known for his technological prowess, he used a very human process to drive change across GE's vast organization. With respect for the individual as a central force for organizational change, Welch has created a model of exceptional performance that every business leader can learn from..