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An organization’s methodical approach to managing both internal and external market changes is called change management. It entails implementing new tools, expertise, and resources as well as embracing new business strategies, procedures, and technology. Along with preparing and assisting staff members for the change, change management also include taking the required actions to keep an eye on activities both before and after the change. Effective change management is similar to overseeing a large project and goes beyond general tactics. Implementing new procedures, goods, and business plans successfully while reducing unfavorable effects when change happens inside or externally is the main goal of change management.
