‘The firm has to deal with the changes taking place 'within' it and 'around' it.’ Discuss in detail
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Although it is sometimes called the soft side of change, managing the people side of a change is often the most challenging and critical component of an organizational transformation.
Consider a merger or acquisition. The technical side of the change is certainly complex. You must work out the financial arrangements of the deal, integrate business systems, make decisions about the new organization's structure, and more. But getting people on board and participating in the merger or acquisition can make the difference between success and failure.
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