Managing change Essay Example | Topics and Well Written Essays - 2500 words

Managing change - Essay Example In addition, by referring to the ever-increasing challenges in modern local and global market, organisation managers and leadership ought to be mindful of various intervention approaches and mechanism that can effectively facilitate successful and productive implementation of the proposed changes. Based on the available statistical facts and previous research findings, the adoption and implementation of the most effective changes and change intervention in modern institutions and profit making organisations is the most debated issue among business executives. Different levels and forms of complexity in contemporary local and global market always accompany changes in modern business entity and other profit-making organisation. Changes as well vary significant and in extent from transformational change to nominal change in modern business entities. ... ration or transformation in organization’s operations, activities, and managements undertaken in a company to advance its efficiency and productivity. In most cases, changes in any organisation are executed to comply with market dynamic, complexity and technological changes in local and global market. In most cases, economic activities produce benefits and costs that are spread over to all parties in the economic sector. These benefits and costs are described as externalities that have a very essential role in shaping changes and changing activities and operations in any organization Wellard Rural Exports Pty Ltd capitalises on sale and production of sheep and goat products in local and global market. However, despite its popularity in Australian local and global market, Wellard Rural Exports Pty Ltd was forced by modern technological developments and market complexity to introduce and institute various policies and changes that were aimed at advancing their short term and lon g-term productivity and profitability. In the last two decades, Wellard Rural Exports Pty Ltd has encountered consistent market competition from local and global competitors. To some extent, the increased markets competition and complexity have significantly affected its efficiency and productivity. To counter the ever-increasing challenges in local and global market, the company have instituted very effective internal and external operation and management changes and change intervention. Some of the changes instituted in Wellard Rural Exports Pty Ltd are aimed at holistically addressing emerging human process issues, structural and technological issues, strategic complications as well as human resource challenges. In an effort to ensure that the proposed changes are fully implemented and

Personal Finance Essay Example | Topics and Well Written Essays - 750 words - 1

Personal Finance - Essay Example The raising of the state pension age to 68 by 2048 will generally make individuals look for other income and pension alternatives which will sustain them since the current retirement age is 65. Thus, for the three years after the retirement, they will need to find a way in order to finance the lifestyle that they choose. In this case, it is expected that individuals will be opting to compensate their state pension by occupational and personal pension in order to bridge the gap. Personal pensions are more likely noting the fact that the package of benefits under this scheme is based on the discretion of individuals. Other people can also opt to find employment even after the retirement age. This is especially true noting the fact that there are some individuals who augment their pensions by retaining their jobs. Having an employment before the retirement is the most probable action that individuals will take especially those who cannot afford to purchase additional pension scheme. Inc reasing the age at which the pension plan will be received also means that the state will be paying pensioners three years less than what is previously practiced. For pensioners this can mean that lower priced packages will be made available since the expected payment time is now shorter. The establishment of a low-cost pension scheme which is coupled with automatic enrolment will allow more individuals to avail of these packages.