Important Professional Change Story
In a three to four-page paper (excluding the title and reference pages), reflect on an important professional change that you have experienced. Compare your change story to one of the stories from the beginning of Chapter 1 of the text. Answer the following questions and support your thoughts with at least two scholarly sources.
In your paper you must:
Describe your change story and the one selected from Chapter 1 of the text.
Discuss the common issues and lessons present in both stories.
Identify and discuss the embedded lesson found in the three change stories of Chapter 1.
The stories must include The Starbucks Story, The Sears Story and The Detroit Story.
Describe how you might use the lessons as a solutions template during future change strategies.
Your paper should include in-text citations and references for at least two scholarly sources, in addition to the course text, and it should be formatted according to APA style as outlined in the Writing Center.
Text
Palmer, I., Dunford, R., & Buchanan, D. (2022). Managing organizational change: A multiple perspectives approach (4th ed.). McGraw-Hill Education.
Chapter 1: Managing Change Stories and Paradoxes
Chapter 2: Images of Change Management
Change Stories
Student’s Name
Department, Institution Affiliation
Course Number, Course Name
Instructor’s Name
Due Date
Change Stories
Question 1
A company-wide reorganization affected my department, forcing me to transfer. A big firm reorganized when I was an IT technician. Reorganization forced me to find new employment. Detroit's chapter one is my comparison. The documentary The Detroit Story records the early 2000s economic collapse in Detroit, Michigan. The 2008 financial crisis and recession reduced the city's population and output. Tax income declines hurt the city's budget. My professional transition and Detroit's economic downfall seem quite different. Closer analysis reveals parallels between the tales. Both businesses had to react quickly to market changes to survive. Like many others, my tale is about how my business must change to be competitive. Like the protagonist in The Detroit Story, Detroit had to adjust to be competitive as its economic production plummeted (Wentworth et al. 2020). Both firms had tough choices to survive. My prior employer had to fire me to stay profitable. The Detroit Story's Detroit has to cut expenditures to compete. This shuttered parks and libraries. Companies and localities must adapt to changing economic and market circumstances to flourish. Businesses must make tough choices to compete. Reduce expenses, cut employment, or reorganize corporate procedures to remain competitive.
Question 2
Both narratives exhibit the common theme of adjusting to dynamic market and economic circumstances. Based on my observations, a shift in market dynamics prompted the need to restructure my organization's operational framework. Consequently, I experienced unemployment and was compelled to seek alternative employment. The economic output of Detroit experienced a significant decline during the 2008 financial crisis, mirroring the portrayal in the film "The Detroit Story." The municipality's fiscal situation was significantly impeded due to the decline in tax income. Both companies were compelled to make challenging choices to ensure their survival. Based on the narrative presented, it can be inferred that the individual's previous employer decided to terminate their employment to sustain financial viability. To maintain its competitive edge, the city of Detroit, like the one depicted in The Detroit Story, had to implement measures to curtail expenditures. Consequently, many public amenities, including parks and libraries, were inaccessible (Gibbs, 2020). Both narratives exemplify how organizations can sustain their competitive edge by proactively anticipating and flexibly adapting to shifts in the market. In light of evolving market conditions, the fictional company underwent a restructuring of its operational framework. The Detroit Story highlights the adverse consequences experienced by the city as a result of its fai...