The Impact of Change Management on the Development of Business Sphere

Abstract

Most companies are faced with the urgency of change in their daily operations; however, and start transformation processes: re-engineering, digitalization, change management. This is especially relevant in modern business development conditions when constant changes are considered critical for a company to adapt to changing market requirements and the global economic situation. This study discusses some of the main theories and approaches to change management. It attempts to evaluate the impact of change and change management in achieving strategic goals and objectives from the business's viewpoint. Specifically, a comparison of vital and basic models, assumptions of change management, consider the factors that cause changes. For this, a literature review was conducted. The article describes the main differences between the change models. The analysis led to the conclusion that it is impossible to pick up an optimal approach to change management. Every approach to change management attracts attention to various aspects of this problem, but at the same time, they do not exclude but complement each other..