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Managing Strategic and Cultural Change in Organizations

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Abstract

The need for change within organizations is not uncommon in a world full of technological, political, and cultural transformations. But how can organizations effectively transform themselves in a global world and what can leaders and professionals do to effect meaningful change successfully? This article outlines a model that shows strategic and cultural transformation as an ongoing process. There is no single best way of changing organizations. Consequently, reasons for change are related to suitable change strategies and supportive actions for guiding the change process. Special attention is given to critical capabilities that change masters need to succeed in change as an ongoing play between actors engaged in deep change.

Suggested Citation

  • Boonstra, Jaap, 2021. "Managing Strategic and Cultural Change in Organizations," Journal of Financial Transformation, Capco Institute, vol. 52, pages 112-121.
    • Handle: RePEc:ris:jofitr:1657
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    File URL: https://www.capco.com/Capco-Institute/Journal-52-New-Ways-of-Working/Managing-strategic-and-cultural-change-in-organizations
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    Cited by:

    1. Adriana Kocornik-Mina & Ramon Bastida-Vialcanet & Marcos Eguiguren Huerta, 2021. "Social Impact of Value-Based Banking: Best Practises and a Continuity Framework," Sustainability, MDPI, vol. 13(14), pages 1-40, July.

    More about this item

    Keywords

    Transformational change; Financial transformation; Leading change; Organizational change; Organization development; Organizational culture; Global Alliance for Banking on Values;
    All these keywords.

    JEL classification:

    • D02 - Microeconomics - - General - - - Institutions: Design, Formation, Operations, and Impact
    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
    • L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm
    • L32 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Public Enterprises; Public-Private Enterprises
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • O21 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Planning Models; Planning Policy
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

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