Change Management Need in Walmart
Change is part of the game. Leaders must set the vision and navigate the challenges of implementing change. Effective leadership requires you to harness both the minds and hearts of employees to enable change to occur and take root in the company’s culture. For this assignment, you will identify one change management need within your company or from a company you previously worked for.
Identify a needed organizational change and your perceived employee resistance to the change. Then utilize the first six (6) elements of Kotter’s eight-stage framework to create your plan for the change initiative. Write a Business Brief that summarizes your change initiative plan in 2 pages. It should be written in a professional format and include a cover page, as detailed in the Formatting Requirements section below. Use the prompts below to guide you:
(Walmart)
1. Provide a brief background of the company and its culture.
2. Identify the problem you want to address and explain why it is important.
3. Describe your change initiative according to Steps 1 through 6 of Kotter’s eight-stage framework.
Provide answers to each of the following questions to create this description:
o How will you create a sense of urgency?
o How will you build a guiding coalition?
o What is your change vision and strategy?
o How will you communicate the change vision?
o How will you empower employees to take action for this change?
o How will you create short-term wins?
Organizational Change and Culture Project
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Organizational Change and Culture Project
When mentioning one of the best-performing stores in the world, Walmart is a name that cannot miss. Despite being founded in the 20th century, Walmart has remained one of the best-performing companies in this era. Since its introduction in 1962, Walmart has become one of the best-performing companies globally. For instance, by 2022, the company had more than 30 million U.S. homes In-home delivery. One of the reasons the company has succeeded is how it has minimized operating costs, directly dealt with manufacturers, and motivated its associates. Even though the company has outstanding results, it has some challenges that could affect its performance. To continue maintaining its top position, Walmart should check the challenges that it could be having and offer prompt responses.
Even though Walmart has some challenges, the main one is the problem of adapting to rapid change in the retail industry. For instance, the rise in e-commerce and the rise in the need for online shopping have made Walmart employ measures to embrace the changing trend. For example, the company has failed to successfully integrate online and offline operations. If the company fails to look for the changes of the following challenge, it will start to lose its competitive advantage, losing its competitive advantage and leadership position.
One solution to solve these problems should be applying advanced technologies and data analytics. Walmart should consider investing in various technologies, such as machine learning and artificial intelligence, in managing its activities (Harvard, 2018). For instance, this technology could help the company attain an accurate view of its supply, monitor its orders' progress, and identify potential bottlenecks. This process would help Walmart to note the problem early and embrace fast corrective action based on informed decisions, boosting its competitive advantage.
Even though this solution will likely boost the company's performance, it would likely face great employee resistance. One of the reasons that the employees will oppose the ch...