Analysis of Current Issues in Finance Essay Example | Topics and Well Written Essays - 1250 words

Analysis of Current Issues in Finance - Essay Example On one side, the change process must be rapid and fast while on the other hand the process of supporting the information technology systems consists of improving on the multifaceted interrelation. Their repercussions on the expected change can normally be dependably managed by letting various people involved. Therefore, the procedures involved in the organizational change call for both managerial competencies and analytical skills in coping with high level of convolution to concentrate on the process (Van, 2001; p. 112). All the tasks call for the incorporation of individuals who have unique views such as business experts, senior management or IT-professionals. Hence it is critical for the efficiency of management of change to enhance the process of communication over such professional cultures. There are various ways to research and boast the organizational change process. Majority of the methods are found on social and psychological dimensions. Other areas comprise of change in man agement, organizational learning, enhancement of communication, images within the organization and organizational culture. These strategies amount to a good comprehension of the process of change, focus on the fundamental aspects of success and thus enhance the management and design of the process of change. ... The terms given by the respective language of modeling encourage the analysis, transformation and evaluation of the models (Van, 2001; p. 115). The procedures for modeling support various views on an organization like tactical view, as a business procedure or an IT perspective. It tends to be considerable to execute conceptual models for evaluation, designing, introduction of information systems and for the procedure of organizational change in common. Nonetheless, the application of the conceptual models for the purpose of organizational change has to overrule two stumbling blocks. Most managers are hesitant to deal with the conceptual models on top of the availability of economic assessment of models even if they are taken to establish they lead to more expenses (Audretsch & TTS, 2013; p. 293) Found on the presumption that there is no valid process to evaluate the general cost and benefit, there is need to assess the models in different views. Control of the organizational change i s found on an efficient evaluation of the corporate strategy, challenges in the future period, major resources and organizational environment. This comprise of for example, the evaluation of evolving and changing markets, the evaluation of core rivals, the analysis of the IT and human resources on top of evaluation of the main business processes. An enterprise’s conceptual models pledge to encourage processes of change in the organization in different dimension. By concentrating on the major abstractions, they enable the reduction of the entire intricacy. The particular intention of language modeling must give terms that encourage evaluation and analysis. For example, a language for designing business process might comprise of terms like use of resources and media conflicts