Recent Question/Assignment

Assessment Task 1: Change management plan
There are four parts to this assessment:
? Part A – You are required to review the case study provided below then conduct and analyse research on change management.
? Part B – You are required to develop a change management plan.
? Part C – You are required to submit your change management plan to your assessor.
? Part D – You are required to participate in a change management meeting with the CEO of Sampson Media (their assessor) seeking feedback and approval for your plan.
? Computer with Microsoft Office or similar program
? Access to the Internet
? Meeting space
? Recruitment, Selection and Induction Policy and Procedure (provided by your assessor)
? Sampson Media Magazine Printing, Circulation and Distribution Policy and Procedure (provided by your assessor)
? Termination Policy and Procedure for Sampson (provided by your assessor).
? If you are a class-based student you will do this task in the classroom or as homework – your assessor will advise you as to which is required.
Write in the due date as advised by your assessor: _________________________________________
? Part A – You are not required to hand in anything for this part for the assessment
? Part B – You are not required to hand in anything for this part for the assessment
? Part C – You are required to email to your assessor with version 1 of the Change Management Plan
? Part D – You are required to email to your assessor with the updated Change Management Plan
If your assessor sees that you have not completed all parts of the task satisfactorily, they will talk to you about resubmission. You will only have to re-do the parts of the task that are incorrect; however you will need to resubmit the entire assessment. Your assessor will discuss an appropriate timeframe for resubmission with you when you are provided with the outcome for this task.
Samson Media is a publisher of several upmarket fashion magazines. It has strong links with a number of high profile fashion houses whose products are featured in the magazines and also provide a significant source of advertising revenue. Readers of the magazines are predominantly 35 – 54 year old women.
Readership has fallen over the last two years. This is due in the most part to due to competition from a range of other fashion magazines and consumers switching to digital media. Due to the decline in readership, profits have fallen by 20% and there has also been a fall in the share price.
As a consequence, a new CEO, Amir Johnson, has been appointed. Amir was the former Marketing Director for a well-known successful media business that included a national newspaper, magazines and a subscription television channel. The success of this business was based on targeting lower income groups and its publications are focused mainly on sport and celebrity gossip. They were also successful because they were able to undercut its competitors with low prices, enabled by a ruthless approach to achieving high levels of efficiency.
Amir and his team of Managers have developed a Strategic Plan that includes the following objectives.
? Increase return on capital to 8% within 2 years
? Enact a transformational change of the company that will convert all magazines to a digital format only.
? Achieve cost efficiencies through reducing running costs ? Relocate to a smaller office.
It is intended that the new digital magazines will have the following features:
? Focus on health and beauty, fashion and celebrity gossip.
? Some free content but full access available only on a subscription basis.
? Additional features available to subscribers such as video clips, podcasts and discussion Running costs are as follows. All staff are full-time permanent staff and their total salary costs per annum is $3,370,000.00. The cost of running the printing and distribution site, plus staff costs is currently approximately $1,500,000 per annum. The current office rent is $500,000 per annum.
As the General Manager, you have been asked to lead the development and implementation of the change management plan with the first step being to consult with an organisational change expert to discuss issues and strategies for change management for the company.
It is anticipated that while there will be some cost savings in making the change, there will also be costs involved including:
? Redundancies – anticipated cost is $300,000
? Upskilling staff - $100,000
? Consulting with experts - $100,000
? Communication throughout change with key stakeholders - $100,000 ? Office relocation - $50,000 - $80,000.
1. Review scenario and conduct research and analysis
a) Review the information in the scenario provided above and analyse the company’s strategic objectives and identify the change needs. Make notes on your analysis for use in your plan as outlined below.
b) Review existing polices/practices at Samson Media against strategic objectives and the need for change and make notes identifying changes needed to use in your report. Identify if the change required due to performance gaps, business opportunities or threats, or management decisions.
c) Conduct research on change management – the issues and practices including barriers that can impact on change and best practice change management strategies. Also research trends in magazine publishing/on-line magazine readership and analyse the impact the impact on Samson Media’s organizational objectives as per the scenario information.
d) Consider major operational change requirements and recommended order of priority.
e) You will need to identify your sources of information to show that you have identified expert guidance on change management so make notes on all the sources of information you identify and use.
f) You are not required to hand in anything for this part for the assessment.
1. Using your research and analysis develop a Change Management Plan for Samson Media.
The Change Management Plan must address:
a) An overview of the change management process
b) An overview of the current situation facing Samson Media including:
- Identification of the need for change and an analysis of the situation that has bought about the change (performance gaps, business opportunities or threats, or management decisions)
- A review of existing polices/practices at Samson Media against strategic objectives to identify change requirements.
- An analysis of the external environment relevant to Samson Media and its objectives, including events/trends that impact on strategic objectives, including trends in magazine publishing, as well as trends in on-line magazine readership. Your analysis should reflect a PESTLE analysis approach, reviewing political, economic, social, technology, legal and environmental factors.
c) A list of the potential barriers to the proposed changes and possible strategies to overcome or address them.
d) A detailed explanation of how an organisation can check their readiness for change. This should include examination of how organisational behaviour can impact change.
e) Strategies for embedding change into an organisation
f) Prioritisation of the recommended changes including your reasoning.
Your project plan will only address your first priority change. You may presume detail that is
not included in the case study.
g) The particulars of the change. Ensure the following information is contained in your plan:
? The name of the change/project
? The stakeholder
? Revision History
? Stakeholder approval/endorsement
? Type of change – policy/process/people/system
? Resource requirements
? A Risk Assessment that includes your particular barriers to change. In identifying risks and barriers to change you must demonstrate high level problem solving skills and innovative approaches to risk mitigation
? Cost benefit analysis for your change
? Implementation strategies that includes:
- The Action plan that details the activities, responsibility, resources and timeframe.
- The Communication plan that includes strategies to inform stakeholders of the change. Ensure the strategies you develop are designed to promote the benefits of change to staff and to reduce the likelihood of a negative response/adverse outcomes.
- The Training plan that identifies the training strategy, what training is required, who requires the training, the expected outcome, who will deliver the training, an estimation of the training cost.
? Proposed reporting protocols. What will you report, when and to whom?
? A bibliography that identifies your sources of information. You need to identify your sources of information to show that you have identified expert guidance on change management.
1. Submit your Change Management Plan to your assessor via email (as the CEO of Samson Media). Your email must include a brief overview of the purpose of the email and indicate that you are seeking feedback and approval.
Upon review of your plan your assessor will email you the date and time of the meeting to discuss the plan and to provide input and possible approval.
1. Participate in a change management plan meeting. Your assessor will play the role of the CEO and change expert.
? The purpose of this role play meeting is to review your research and your Change Management Plan and to seek feedback and approval for the next phase – the implementation of the plan. You must obtain this input and approval before you commence Assessment Task 2.
? Your assessor will ask you to explain the purpose and importance of a number of the components of your change management plan
? During the meeting, you will be assessed on your effective oral communication and interaction skills.
? Your assessor will provide you with feedback, which you must use in the Change Management Plan and the Communication and Education plan.
2. Following the meeting, update your Change Management Plan ensuring that you complete the revision history and submit your updated plan via email to your assessor (the CEO). Your assessor will provide final approval of your plan.
What do I need to hand in for this task? Have I completed this?
Part A – You are not required to hand in anything for this part for the assessment N/A
Part B – You are not required to hand in anything for this part for the assessment N/A
Part C – Draft of Change Management Plan ?
Part D – Updated Change Management Plan (Version
1) ?