Scout Mortgage 1

Running Head: Changes at Scout Mortgage

Assignment 5: Changes at Scout Mortgage

Scout Mortgage 2

Changes at Scout Mortgage

Discuss the nature of change in the work environment of the 21st century: There are pressures for change and it can be difficult and takes time. “Despite the challenges, many organizations successfully make needed changes, but failure also is common. As a result, managing change has become a central focus of managers in most organizations. Most Organizations around the world have tried to change themselves-some more than once. Yet for every successful change, there is an equally prominent failure” (Hellriegel & Slocum, 2010, p.492). The text defined planned organizational change as a deliberate attempt by managers and employees to improve the functioning of teams, departments, division or entire organization in some important way (Cummings, T.G. and Worley, C.G. Organizational Development and Change, 8th ed. Mason, OH: Thomson/South-Western, 2008). One nature of change in the work environment is economic approach: creating change for the purpose of creating shareholder value. Everyone organization has financial incentives to motivate their employees to change their behaviors. Managers and Leaders look for way sets goals based on expectation on the financial market. Managerial guidelines are another form of change in the work environment. Managers who face changes need to think through the long-term consequences of using either the economic approach or the organizational development approach (Hellriegel & Slocum, 2010, p.499). Creating a vision and managing the transition to change are not relevant to the nature of change in the work place. Creating the vision energizes commitment and managing the transition gives way to a commitment in planning. At any rate change is inevitable in work place in the 21st