WEBVTT 1 00:00:04.320 --> 00:00:09.279 Helping leaders motivate their people to a higher level of performance through strong human relations, 2 00:00:09.439 --> 00:00:13.560 team building, and goal of giving. This is the seven Minute Leadership 3 00:00:13.599 --> 00:00:23.199 Podcast with your host Paul fella Aldo. Hello everyone, and welcome to the 4 00:00:23.359 --> 00:00:31.280 Seven Minute Leadership Podcast, Episode one sixty and today we are talking about change 5 00:00:31.320 --> 00:00:38.759 management because change is inevitable and this is one of the hardest things for businesses 6 00:00:38.799 --> 00:00:45.600 and leaders to get right because every organization must adapt the changes in order to 7 00:00:45.640 --> 00:00:52.679 stay competitive in this ever evolving business landscape of ours, a successful organization must 8 00:00:52.759 --> 00:00:59.200 be able to identify changes in their external environment and then manage those changes internally 9 00:00:59.799 --> 00:01:06.120 in order to remain competitive and successful. This process of managing changes within an 10 00:01:06.200 --> 00:01:11.000 organization is what's known as change management. So today I want to talk about 11 00:01:11.040 --> 00:01:18.599 the process of implementing change management within an organization, specifically focusing on the five 12 00:01:18.680 --> 00:01:25.760 step process of planning, communication, implementation, evolution, and fine tuning. 13 00:01:26.400 --> 00:01:32.239 I will also discuss the importance of creating and sustaining an organizational culture of continuous 14 00:01:32.319 --> 00:01:37.439 change, in the role of leadership in creating an environment that supports change. 15 00:01:37.879 --> 00:01:44.079 Get your popcorn, here we go. So what is change management? So, 16 00:01:44.159 --> 00:01:49.439 to put it simply, change management is the process of managing a shift 17 00:01:49.760 --> 00:01:57.040 in organizational direction in order to accomplish predetermined goals. It's also an ongoing process 18 00:01:57.120 --> 00:02:04.640 that requires careful planning, coordination, communication, and continual evaluation in order to 19 00:02:04.680 --> 00:02:10.000 be successful. In also following the five step process of change management. Step 20 00:02:10.080 --> 00:02:16.759 one of that process is the planning phase. So during that phase, the 21 00:02:16.879 --> 00:02:23.599 organization creates a clear plan to guide the restructuring. This includes identifying the goals 22 00:02:23.639 --> 00:02:30.039 of the change, continually evaluating the progress of the change, and establishing criteria 23 00:02:30.159 --> 00:02:36.520 for success. Additionally, during this phase, the organization must identify any potential 24 00:02:36.639 --> 00:02:43.080 risks and develop strategies to minimize them. It's important for the organization to create 25 00:02:43.080 --> 00:02:49.039 a timeline for the change and establish ownership of different components of the change. 26 00:02:49.639 --> 00:02:54.599 It's also important for the organization to establish a budget and track the costs associated 27 00:02:54.680 --> 00:03:01.199 with the change. Step two is the communication phase. During this phase, 28 00:03:01.400 --> 00:03:08.439 the organization must ensure that key stakeholders, including employees, customers, and suppliers, 29 00:03:08.439 --> 00:03:13.759 are informed about the change. Additionally, during this phase, the organization 30 00:03:13.840 --> 00:03:20.759 needs to make sure that all relevant information about the changes communicated clearly and effectively. 31 00:03:21.560 --> 00:03:27.360 The organization should also provide support to employees throughout the process, provide training 32 00:03:27.400 --> 00:03:35.280 and resources to help ensure smooth implementation. Step three is the implementation phase. 33 00:03:36.159 --> 00:03:40.919 So during this phase, the organization must execute the plan developed in that planning 34 00:03:40.960 --> 00:03:49.000 phase. This may include introducing new policies and procedures, modifying existing procedures, 35 00:03:49.639 --> 00:03:55.560 or developing new systems. It's important for the organization to clearly define roles and 36 00:03:55.639 --> 00:04:01.719 responsibilities and communicate expectations to all relevant stakeholders, and during this phase, the 37 00:04:01.840 --> 00:04:06.919 organization should track the progress and ensure that all steps are taken in a timely 38 00:04:06.960 --> 00:04:15.879 manner to ensure successful implementation. Step four of this process is the evaluation phase. 39 00:04:16.360 --> 00:04:20.839 During this phase, the organization must review the progress of the change and 40 00:04:20.879 --> 00:04:27.600 assess its effectiveness. This includes determining if the change has achieved its goals in 41 00:04:27.759 --> 00:04:31.439 identifying any areas where improvements can be made. And during this phase, the 42 00:04:31.519 --> 00:04:38.680 organization needs to assess the impact of the change on various stakeholders, both internally 43 00:04:39.319 --> 00:04:46.120 and externally. In Step five of this process is the fine tuning phase, 44 00:04:46.240 --> 00:04:51.839 and so during this phase, the organization must make any necessary modifications or adjustments 45 00:04:51.839 --> 00:04:57.920 in order to ensure that the change is successful. This may include revising procedures, 46 00:04:58.000 --> 00:05:02.639 implementing new policies, or making adjustments to technologies. And at this point, 47 00:05:02.680 --> 00:05:08.639 the organization should also monitor any changes in the external environment that might require 48 00:05:08.759 --> 00:05:14.240 further adjustment of the change Okay, so now let's talk about the importance of 49 00:05:14.319 --> 00:05:19.800 creating a change culture, because in order for change management to be successful, 50 00:05:20.399 --> 00:05:27.839 organizations must create a culture of continuous change. This means that the organization must 51 00:05:27.839 --> 00:05:31.800 be willing and able to adapt to new situations in order to remain competitive and 52 00:05:31.839 --> 00:05:38.199 successful. This includes having an open and flexible approach to change, as well 53 00:05:38.240 --> 00:05:43.319 as a commitment to growth and development. And in order to create a culture 54 00:05:43.360 --> 00:05:48.839 of change, organizations must establish clear channels of communication and ensure that the right 55 00:05:48.959 --> 00:05:56.000 people are involved in the decision making process. Because the role of leadership is 56 00:05:56.040 --> 00:06:01.720 another key component of successful change management, active leaders must be able to create 57 00:06:01.759 --> 00:06:08.720 an environment that is conducive to change and provide clear direction throughout the process. 58 00:06:08.759 --> 00:06:15.120 This includes providing guidance and support to employees, setting realistic goals, and creating 59 00:06:15.120 --> 00:06:19.560 an atmosphere of collaboration and trust. And effective leaders must be able to identify 60 00:06:19.639 --> 00:06:27.079 and mitigate potential risks and lead by example demonstrating a commitment to change in openness 61 00:06:27.720 --> 00:06:34.480 to new ideas. So, like we said, change is inevitable and it 62 00:06:34.560 --> 00:06:41.480 should be part of every organization's plans and strategy for the future. Just think 63 00:06:41.519 --> 00:06:46.040 back three short years ago with the pandemic and how every business model had to 64 00:06:46.079 --> 00:06:53.759 shift or change something from within to keep the doors open. Successful change management 65 00:06:53.839 --> 00:07:00.439 starts with you, the leader. This has been the seven Minute Leadership Podcast 66 00:07:00.079 --> 00:07:05.560 and I thank you for listening. For more Paul Fellovaledo podcasts, visit Paul 67 00:07:05.600 --> 00:07:09.040 Fellovaledo dot com.