Change Management Case Study: Ireka Construction Berhad Company

Introduction

Change management is a very important concept in business. Businesses require changes in their working styles, objectives, mode of operations, management etc every now and then and the process of controlling such changes in an effective manner is known as change management. The transitional period through which an organization or a business has to pass when such changes occur, is very critical for the future of the organization. There are various costs and benefits of such changes and the companies have to identify areas where there are more benefits than the related costs. For example Port Services Corporation (SAOG) a leading manager of Muscat sea port had a pool of more than 5000 skilled employees in early 80s. The company’s cost of employment was very high therefore the management decided to shift towards automated technology. The company invested heavily in cargo machinery like gantry cranes and reach stackers. This allowed the company to

The objective of the report is to investigate the transition of the company and its change management during the transition. Below is the overview of the

During the early 90s the government encouraged private companies to get listed on the stock market. Understanding the growing needs of business Lai Siew Wah’s company shifted from a private limited company. The business expanded as it had more resources to funds now and this following a gradual transition a family owned management team to a diversified and qualified management