Management of Change - OPEN24 Essay Example | Topics and Well Written Essays - 3500 words

Management of Change - OPEN24 - Essay ExampleIncreasing competition in the market transport combined with quite an draconian cultural internal problems such as bureaucracy, poor communication, and perceived lack of personal job advancement possibilities has led our group to a reassessing abut of the market demands and a reshuffling within the organization.OPEN 24 has two main aims a- Increase the number of financial advisors to 300 and thus, even more sharp gain a higher share of the Attica market, and b- expand to the provinces within the current year, establish itself to the major cities, i.e. Patras, Heraklio and Volos, and get a fare share of the local markets beforehand the competition moves in.Change management is the process of developing a planned approach to change in an organization. The main objective is to maximize the collective benefits for all(prenominal) people involved in the change and minimize the risk of failure of implementing the change. Change management ca n be approached from a number of angles and applied to numerous organizational processes. (Worren, Ruddle and Moore, 1999)One The main problems that the department faces and can prevent from the above mentioned plans are the followingStrict Management that creates employee dissatisfaction thus, high employee turnover ratio. bureaucracy which slows down procedures.Poor communication.Perceived lack of personal job advancement possibilities.Structuring the DepartmentOne of the first attempts to avoid conflicts among FAs was the creation of a Customer Database. It was a customized software that the operators could input all potential and existing clients. Then the following procedures were appliedPhone Calling Management- FAs were making phone calls for two hours every day, 9-11. Lists that were to be reached were inputted in the Data base. By logging into the system, the managers could get a report any time they wanted of how numerous phone calls each of the FAs have done, how many p rospects have been contacted and how many appointments were fixed.Rendezvous Management- A call midsection team of 4 people was created to back up this procedure. Before an FA visits a prospect, the call center confirms the appointment with the customer and then calls and informs the FA to go to the appointment. After the appointment has been completed, FAs should call the call center and report back. The final stage is when the call center calls the visited customer and does a quality check of the visit. After that, a report with all above information is created and emailed to the Sales Manager.All the above procedures are taking place with the help of the above mentioned Data base. The idea of creating such software and the procedures