The Impact Of Technology On Change Management - 1257 Words

This presentation is about the use of technology in change management. We will review how technology facilitates changes management. Then recommend best practice for changing management. This presentation begins by analyzing the report by Mondal (2011) called â€Å"Entrepreneurship in U.S. Auto Industry: Ford Stay Ahead.† Henry Ford is the founder of Ford Motor Company. As a successful entrepreneur Ford’s practice included technological innovation for cost cutting measure, introduction of new products, expansion of new market and created new economic organization. Using Schumpeter’s five factor model we will analyze entrepreneurship around innovation. Ford’s Technology in Change Management In Ford’s initial years, innovation technology was used to remodel the most popular model cars; this increase profit for the business. It used to take Ford 14 hours to build the T model car; he reduced labor cost using a time known as â€Å"mass production method.† This method reduced the assembly time to1 hr. 33 minutes. This innovation technology reduced labor cost for the new Model T (Mondal, 2011). Entrepreneur take risk: by creating new products, adapts to new production process, create new market, and create new technology and economic for an organization. According to Michaelides Kardasi (2010) development depends upon â€Å"innovation.† This concept includes an introduction of new goods, new methods of production; the opening of a new market, conquest of a new source of supply and carries outShow MoreRelatedChange Management Of Information Technology Environment1384 Words   |  6 Pages Change Management in Information Technology Environment – Procedures Ganesh Banda Wilmington State University Change Management in Information Technology Environment – Procedures Change Management can be explained as the process of implementing a ‘Change’ in any organization to meet or satisfy various constraints. Change management constitutes three aspects to deal with: adjusting to change (-building up an organized methodology for reacting to change requests in any Organizations)Read MoreKnowledge Management Process The Organization1561 Words   |  7 Pagesalso known as knowledge management. 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