Change management is a structured approach to ensure that changes are implemented thoroughly and smoothly, and that the long term benefits are achieved.
The research for more than 30 years have shown that efforts for any kind of corporate change fail in > 70%.
However, it is imperative for companies to anticipate and effectively manage changes in order to survive in long term.
The change may relate a process, a new system, a restructure, a merge, or the new structure of a group, as well as to substantial changes in policy or strategy of a company to achieve its goals.
Attention should be given to the wider implications of change and especially to people about how, as individuals and groups, will move from the current state to the new one.