Mnagement of a Change Essay Example | Topics and Well Written Essays - 2000 words

Mnagement of a Change - Essay Example From this paper it is clear that M&S was the first organization in UK to actually make over a  £1 billion in profits however, its performance, over the period of time, declined. One of the key reasons for the decline of the profitability of the firm was the economic recession which started during 2007. The recent reports suggest that M&S has been facing serious issues regarding the delivery and its supply chain. During last Christmas, M&S missed deliveries on lot of orders and ran the serious risk of loss of reputation.This essay discusses that considering the overall situation being faced by M&S and the rapid loss of reputation due to failed deliveries and other related issues with the supply chain, it is clear that besides bringing in more changes, it is also critical to focus on the cultural change. UK along with other developed countries faced strong economic recession which resulted into decline of consumer demand and subsequent reduction in profitability and revenues of the b ig organizations. Owing to the tough economic situation, suppressed demand as well as reluctant of banks to lend money, overall consumer demand remained at lower level during last many years. Considering this situation, it is critical for M&S to actually make a strategic shift and bring in the required cultural change within the organization. Though M&S is being going through the transformation process however, to make it more robust and a competitive player within the marke.