The Process of Strategic Change

Strategic change is the process organizations use to adjust their direction and operations to better achieve their goals. It typically begins with assessing the current situation and identifying areas for improvement. Next, leaders develop a new strategy, which involves setting clear objectives and devising action plans. Implementation follows, where changes are communicated and executed throughout the organization. Finally, the effectiveness of the change is monitored, and adjustments are made as needed. This process ensures that the organization can adapt to new challenges and opportunities, ultimately leading to improved performance and success.