Change management within companies

Paraschiv Dorel (), Niţu Maria () and Savin Mihai ()
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Paraschiv Dorel: Bucharest University of Economic Studies, Romania
Niţu Maria: Bucharest University of Economic Studies, Romania
Savin Mihai: Bucharest University of Economic Studies, Romania

Proceedings of the International Conference on Business Excellence, 2019, vol. 13, issue 1, 625-634

Abstract: The environment in which a company operates is diverse and demanding, as there are unnoticed variables. In order to ensure success in the transformation process of a company’s management, leaders need to take into account certain factors that will help the company gain competitive advantage. The ability of companies to adapt, start or implement a change will depend to a large extent on the human resources and skills, attitudes and knowledge they hold. So change is an essential component of the evolution process of companies that put effort, time and resources into implementing an advantageous strategy, but, on the other hand, transformation can be the decay of an organization. For such a strategy, managers need to balance all relevant aspects of the organization and the outside, so that they can position themselves to the current realities of the business environment. This article highlights the importance of change management for the companies, the challenges that they encounter in this process, as well as the main models and theories of change management.

Keywords: Change Management; Manager; Company; Technology; Challenges (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:poicbe:v:13:y:2019:i:1:p:625-634:n:55

DOI: 10.2478/picbe-2019-0055

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