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Level 7 Diploma in Accounting and Finance

Change Management and Cultural Dynamics

AF704 · Strategic Financial Management — Week 10 of 16

CourseAF704
Week10 of 16
SemesterII
TutorOnline in the course chat

This week’s topics

Change Management and Cultural Dynamics

  1. Kotter's 8-step change model
  2. Lewin's three-stage change process and force-field analysis
  3. Managing resistance and cultural inertia
  4. Leadership during corporate turnarounds
  5. Kotter's 8-Step Change Model Explained
  6. Lewin's Force Field Analysis
  7. Lecture 42: Managing Organizational Change- I

What you will be able to do

  • 4.2 Analyse the role of change management.
  • 4.3 Analyse the role and effect of culture on change management.

Activity

Start with this week’s 3 videos, then: Seminar, guided reading and a short written task: analyse the role of change management.

Study materials

Videos

  • Kotter's 8-Step Change Model Explained · YouTube · EPM · 10 min · for registered students
  • Lewin's Force Field Analysis · YouTube · Galton College · 19 min · for registered students
  • John Kotter - Resistance to Change · YouTube · Dr. John Kotter · 4 min · for registered students
  • Leadership Theory: Lewin's Force Field Analysis · YouTube · Galton College · 10 min · for registered students
  • Kotter's 8 Steps of Change - Organizational Psychology Lecture 9.6 · YouTube · Professor Q · 5 min · for registered students
  • Lewin's Change Model - Organizational Psychology Lecture 9.5 · YouTube · Professor Q · 3 min · for registered students
  • Kotters 8 steps leading change · YouTube · flixabout.com · 20 min · for registered students

Further resources

  • MIT OpenCourseWare 15.322 Leading Organizations II (Fall 2003) · Reading · MIT OpenCourseWare, course · for registered students
  • Leading Large Scale Change: a practical guide (NHS England, 2018) · PDF · Other, guidance; 123 pages · for registered students
  • Organizational Behavior, ch. 14: Organizational Structure and Change · PDF · Saylor Academy, textbook chapter; pp. 593–639 · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.
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Course plan
  • Week 1: Strategic Financial Environment and Resource Allocation
  • Week 2: Key Financial and Capital Structure Theories
  • Week 3: Strategic Implementation and Portfolio Management
  • Week 4: Stakeholder Analysis and Corporate Governance
  • Week 5: Business Expansion and Stakeholder Impact
  • Week 6: Risk, Return, and Capital Investment Appraisal
  • Week 7: Corporate and Business Valuation Techniques
  • Midterm: Midterm evaluation
  • Week 9: Organisational Culture in Strategic Formulation
  • Week 10: Change Management and Cultural Dynamics
  • Week 11: Financial Analysis and Performance Measurement Systems
  • Week 12: Applying Strategic Financial Management in practice: case s…
  • Week 13: Assignment workshop: research, planning and referencing
  • Week 14: Assignment workshop: drafting, feedback and improvement
  • Week 15: Review and coursework completion
  • Final: Final assessment and submission
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