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Please point out the steps for initiating a str...

Please point out the steps for initiating a strategic change.

Please point out the steps for initiating a strategic change.

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Kanishka Mar. 21, 2018

For initiating strategic change, three steps can be identified as under:

(a) Recognize the need for change: This is the first step to diagnose which parts of the present corporate culture are strategy supportive and which are not.

(b) Create a shared vision to manage change: Objectives and vision of individuals and organization should coincide at this step.

(c) Institutionalise the change: This is an action stage which requires implementation of changed strategy.

Please point out the steps for initiating a strategic change.

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