Ask Financial Accounting Expert

Skills and Knowledge Activity

Objective - To provide you with an opportunity to demonstrate your knowledge of the foundation skills, knowledge evidence and performance evidence.

Activity -

Complete the following individually and attach your completed work to your workbook.

The answers to the following questions will enable you to demonstrate your knowledge of:
- Reading
- Writing
- Oral communication
- Numeracy
- Navigate the world of work Interact with others
- Get the work done
- Change management process or cycle and strategies for communicating and embedding change
- Organisational behaviour and the external environment impact on change strategies
- Components of a change management project plan
- Potential barriers to change and the possible strategies to address barriers

Answer each question in as much detail as possible, considering your organisational requirements for each one.

1. Describe a process or cycle for managing organisational change effectively.

2. What are the components of a change management project plan?

3. Identify six external environmental factors which can impact on change strategies. Give two examples of relevant areas under each category.

4. Describe how organisational behaviour can affect a change management programme.

5. List three potential barriers to change in your organisation and describe specifically how those barriers may impede the change process.

6. Describe three strategies for embedding change in an organisation. You should mention how the project leader can use their interpersonal and leadership skills to support this.

Major Activity

Attach your completed answers to the workbook.

You must individually, answer the following questions in full to show your competency of each element:

1. Identify change requirements and opportunities
2. Develop change management strategy
3. Implement change management strategy

Describe how you would identify a need for strategic change in an organisation by describing the following processes:

1. Analysing organisational objectives

2. Reviewing existing policies and practices

3. Researching external events or trends

4. Reviewing performance gaps, business opportunities or threats, management decisions

5. Consulting with relevant managers, specialists and experts.

Describe how you would develop a change management strategy for an organisation, including how to:

6. Conduct a cost-benefit analysis for the change

7. Identify barriers to the change

8. Undertake a risk analysis and agree mitigation strategies

9. Develop a change management project plan

10. Obtain approval from the relevant authorities

11. Assign resources to the project and agree reporting protocols.

Describe how you would implement the change management strategy including how to:

12. Develop and implement a communication/education plan to promote the change and minimise loss

13. Consult with relevant groups and individuals for their input to the change process

14. Identify and respond to any barriers to the change

15. Action any interventions and activities according to the plan

16. Activate strategies to embed the change

17. Evaluate and review the change

18. Modify the project plan when necessary.

Financial Accounting, Accounting

  • Category:- Financial Accounting
  • Reference No.:- M92832634
  • Price:- $55

Priced at Now at $55, Verified Solution

Have any Question?


Related Questions in Financial Accounting

Case study - the athletes storerequiredonce you have read

Case Study - The Athletes Store Required: Once you have read through the assignment complete the following tasks in order and produce the following reports Part 1 i. Enter the business information including name, address ...

Scenario assume that a manufacturing company usually pays a

Scenario: Assume that a manufacturing company usually pays a waste company (by the pound to haul away manufacturing waste. Recently, a landfill gas company offered to buy a small portion of the waste for cash, saving the ...

Lease classification considering firm guidance issues

Lease Classification, Considering Firm Guidance (Issues Memo) Facts: Tech Startup Inc. ("Lessee") is entering into a contract with Developer Inc. ("Landlord") to rent Landlord's newly constructed office building located ...

A review of the ledger of oriole company at december 31

A review of the ledger of Oriole Company at December 31, 2017, produces these data pertaining to the preparation of annual adjusting entries. 1. Prepaid Insurance $19,404. The company has separate insurance policies on i ...

Chelsea is expected to pay an annual dividend of 126 a

Chelsea is expected to pay an annual dividend of $1.26 a share next year. The market price of the stock is $24.09 and the growth 2.6 percent. What is the cost of equity?

Sweet treats common stock is currently priced at 3672 a

Sweet treats common stock is currently priced at $36.72 a share. The company just paid $2.18 per share as its annual dividend. The dividends have been increasing by 2,2 percent annually and are expected to continue doing ...

Highway express has paid annual dividends of 132 133 138

Highway Express has paid annual dividends of $1.32, $1.33, $1.38, $1.40, and $1.42 over the past five years, respectively. What is the average divided growth rate?

An investment offers 6800 per year with the first payment

An investment offers $6,800 per year, with the first payment occurring one year from now. The required return is 7 percent. a. What would the value be today if the payments occurred for 20 years?  b. What would the value ...

Oil services corp reports the following eps data in its

Oil Services Corp. reports the following EPS data in its 2017 annual report (in million except per share data). Net income $1,827 Earnings per share: Basic $1.56 Diluted $1.54 Weighted average shares outstanding: Basic 1 ...

At the start of 2013 shasta corporation has 15000

At the start of 2013, Shasta Corporation has 15,000 outstanding shares of preferred stock, each with a $60 par value and a cumulative 7% annual dividend. The company also has 28,000 shares of common stock outstanding wit ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As