Managing Strategic and Cultural Change in Organizations

Jaap Boonstra ()
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Jaap Boonstra: Esade Business School, Postal: Av. Pedralbes 60-62 , E-08034 Spain, https://www.esade.edu/en/

Journal of Financial Transformation, 2021, vol. 52, 112-121

Abstract: The need for change within organizations is not uncommon in a world full of technological, political, and cultural transformations. But how can organizations effectively transform themselves in a global world and what can leaders and professionals do to effect meaningful change successfully? This article outlines a model that shows strategic and cultural transformation as an ongoing process. There is no single best way of changing organizations. Consequently, reasons for change are related to suitable change strategies and supportive actions for guiding the change process. Special attention is given to critical capabilities that change masters need to succeed in change as an ongoing play between actors engaged in deep change.

Keywords: Transformational change; Financial transformation; Leading change; Organizational change; Organization development; Organizational culture; Global Alliance for Banking on Values (search for similar items in EconPapers)
JEL-codes: D02 D21 L16 L21 L32 M14 O21 O31 (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ris:jofitr:1657

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