THE IMPORTANCE OF THE EFFECTIVE BUSINESS CHANGE MANAGEMENT STRATEGIES AND THE IMPACT ON THE ORGANIZATIONAL SUCCESS

Abstract

Business change management strategies are essential for organizations to adapt to technological advances, dynamic market conditions and evolving customer expectations. The study provides the approaches used to effectively manage change within organizations. Analyze the role of leadership, communication and employee engagement in driving successful transformations. Through a review of various models such as Kotter's 8-step process, Lewin's change management model, and the ADKAR model, the study highlights the importance of aligning change initiatives with organizational culture and strategic goals. Furthermore, it addresses common challenges faced during change processes, including resistance to change, lack of stakeholder participation and insufficient allocation of resources. The study highlights the need for continuous monitoring, feedback and flexibility to ensure long-term sustainability and success in business transformations. It also provides insight into how well-executed change management strategies can contribute to organizational growth, performance improvement, and competitive advantage.