Contemporary impacts of change, strategies for change, flexibility and agility. (please see detailed paper instructions)

Title Your Name Subject and Section Professor’s Name Date Introduction Managing change within business organizations is necessary as they try to compete within the ever-evolving environment. Technological, environmental, and demographic changes are external factors that compel business organizations to seek new strategies (Alkhozaim et al., 2024). The option of aligning values and the relative Environmental, Social, and Governance (ESG) performance is mandatory when operations are conditioned by the blame (Martiny et al., 2024). This means that the change must be actively led and managed to stay within expectations, thus damaging the reputation and eroding people's trust and confidence in the system. Contemporary Impacts of Change The current impact of change is highly influenced by issues such as sustainability, minority, and women representation, which in the contemporary world impacts strategic management of the company and ethical and governance framework. These are not only oriental forces that promote change but have been incorporated as the primary change enablers of organizational strategy. Specifically, ESG has aims related to sustainability, emphasizing efficiency, equity, governance, and ethical measures. This process involves transformation, at which enterprises review and reintroduce their strategic priorities and objectives with the social and environmental elements. As expectations of such characteristics in society are being adjusted, organizations are reassessing and reshaping their corporate values and ensuring that ethical-based programs are integrated into the organization’s structures (Martiny et al., 2024). For instance, Unilever implanted sustainability into the organization's strategic operations through Unilever’s (2010) Sustainable Living Plan, which focuses on business growth alongside the reduction of negative impacts on the environment and enhancement of social welfare. Similarly, Ben & Jerry's is another firm that deals in ice cream produced in Vermont, USA. It is well known for its liberal political stance, cause-related marketing, and unique and funny flavored ice cream mixes (Watarastaporn, 2020). It is also involved in advocacy for causes like racial justice, climate action, the rights of the LBGTQ+ community, and the adoption of Fairtrade. Notably, the company decided to employ environmentally friendly products and sourced cocoa and sugar through fairtrade products. Also, the company has hailed several social justice issues and taken activism stances through advertising and sponsoring initiatives (Ben & Jerry, n.d.). Nevertheless, this does not eliminate the inherent problem of balancing these ethical objectives with financial outcomes. Despite tremendous advantages in the long-term, the introduction of sustainable practices within organizations is sometimes costly, particularly during the initial implementation of these strategies, thus putting ethical considerations in contrast with competitiveness. Business entities that do not meet these shifting expectations are likely to face grave consequences ranging from loss of market reputation and customer trust, which may take ages to remedy. The pressure from the stakeholders is more visible in the contemporary business world with the existence of social media, and therefore, businesses need to be aware of societal demands and closely work to meet them to address the dynamism of change effectively (Bello, 2020). Strategies for Change Lewin's Change Management Model covers unfreezing (creating a preparedness for change), changing (actualization of change), and...