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Influence of Change Managment in Business

Abstract

Leadership has in change management a vital tool to keep success of the firm in the market. Some objectives of change management are reducing risk, reducing costs, and increase benefits through managing the process of change in firm structures, business processes, information technology, and job assignments. The culture of the organization is critical to share knowledge, experiences, and abilities ensuring that talents for innovation are present, and firm change is the first recommendation to understand a culture of innovation to generate new solutions, and transform new ideas into products to satisfy clients in the market.