Change management is a critical element of successful programs and a stand-alone part of a playbook, while being intertwined with sub-projects. It is the enabler of desired outcomes.
Managing change is aimed at increasing the predictability of desired outcomes. Communicating with stakeholders is key and the goal and target operating model need to be clearly defined, in line with the entrepreneur's vision. Employee training and development need to be geared towards effecting change in your organization. These are crucial factors for a smooth transition to new ways of doing things.
Change Management can be highly valuable in the area of mergers, acquisitions and recovery. In these critical and hazardous processes, predictability of outcomes is paramount in getting the flywheel or savings and synergies to start turning.