CHANGE MANAGEMENT INTRODUCTION • Total Laundry Care (TLC) is a laundry service business that is currently experiencing a decline in revenue as a result of competitors and is finding it difficult to maintain a steady flow of customers. Three new laundromat open within a mile from TLC’s location. • Present change management strategy • Topics: • Define my change management strategy for TLC. • Describe how I would prepare ROOT CAUSE ANALYSIS (RCA) • PROBLEM: TLC experiencing decreased revenue due to tough competition. • Why? • Technological Advancements: Competitors offer conveniences like online booking, mobile payment options, or automated notifications, customers may be drawn to those alternatives. • Marketing and Promotion: Competitors are implementing effective advertising campaigns, utilizing social media platforms, or partnering with local businesses to attract customers, TLC’s lack of marketing presence could contribute to decreased revenue. • Service Quality: Competitors offer faster turnaround times, superior cleanliness, better customer service, or additional amenities, customers may prefer those alternatives. DEFINING THE CHANGE MANAGEMENT STRATEGY • Goal: Increase revenue and maintain competitive advantage over other laundromats in the area. • Assess the competition (What are they doing better? What can TLC learn from them?) • Improve service quality • Invest in technology • Marketing & Promotion CHANGE ASSESSMENT • Nature • Scope of change • Impact of change • Drivers • Objectives • Benefit of change • Key stakeholders? • Potential risks and challenges? • How to measure and communicate success of change? PREPARING THE TEAM FOR CHANGE • Communicate the change and explain why it is necessary • Identify stakeholders • Develop plan on how it will be implemented • Determine training needs (id any training required based on team) • Monitor progress PREPARING THE TEAM FOR CHANGE • Communicate the vision • Communicate frequently • Create opportunity for feedback • Determine training needs (id any training required based on team) • Anticipate resistance (how to address it?) TLC CHANGE MANAGEMENT PLAN • Scope of the change: Improve service quality, create mobile app, marketing • Key Stakeholders: Managers, employees, and key loyal customers. • Assign responsibility: Logistics, Training, Marketing, and Pricing. • Develop timeline • Create budget • Success measurement (Customer satisfaction surveys, financial metrics) • Documentation • Review and update plan on regular basis KOTTER’S 8-STEP MODEL (Source: Juneja, n.d) ASSESSING ORGANIZATIONAL READINESS & IMPACT COMMUNICATION PLAN LEADERSHIP TRAINING ON CHANGE MANAGEMENT PLAN IMPLEMENTATION • Based on the urgency of the situation, it is appropriate to use Kotter's change model to guide the implementation of planned changes. • Kotter’s change model involves 8 steps…………… KOTTER’S 8-STEP MODEL (Source: Juneja, n.d) STEP 1: ESTABLISH A SENSE OF URGENCY • Identify and highlight the potential threat and opportunities affecting TLC using SWOT analysis. • Strengths: convenient location • Weaknesses: limited service offerings, marketing • Opportunities: differentiated services, partnerships, PROFIT • Threats: Tough competition, online laundry services • Hold meeting with key stakeholders to effectively communicate urgency. • Demand support ([Declining Profit], 2021) STEP 2: FORMING POWERFUL GUIDING COALITION • Form powerful coalition who can best implement change in TLC. • Role is to advise, communicate, and promote change (Tillman, 2003). • Coalition should comprise of diverse individuals from across the organization and ensure team is free of unfocused, selfish, and naysaying individuals who can hamper progress (Kotter, 2012). • Could be a key customer, branch chief or select representatives who s, and key customers (Source: depositephotos) STEP 3: DEVELOP VISION & STRATEGY • Create a new vision for TLC which would differentiate it from the competition and remain relevant. • New vision statement: to be the leading laundry service provider, transforming the industry with advanced technology, and outstanding service that consistently surpass customer expectations. • Strategy: • • • • Improve customer experience ( Implementing innovative technology (mobile app) Offering additional services ( pickup and delivery). Marketing and promotion (Parnership (source: Martin,2022) STEP 4: COMMUNICATE CHANGE VISION • Make compelling argument as to why the change is necessary for TLC. • Communication should be clear and consistent. • It is important that the guiding coalition be exemplary and offer to clear any misconceptions about the vision (Tilman, 2003). • Use various communication channels email and regular meetings repetitively to communicate vision. STEP 5: EMPOWER ACTION • Not just autonomy STEP 1: CREATING AN URGENCY (Source: Juneja, n.d) CONCLUSION THANK YOU REFERENCES Coalition. (n.d.). Depositphotos. https://depositphotos.com/stock-photos/coalition.html [Declining profit.] (2021, August 1). TBS Report. https://www.tbsnews.net/economy/stocks/active-fines-revenuegrows-profit-falls-282190 How to create a change management plan (and get it right!) | Nulab. (n.d.). Nulab. https://nulab.com/learn/project-management/how-to-create-a-change-management-plan/ Juneja, P. (n.d.). Kotter’s 8 step model of change. Management Study Guide. https://www.managementstudyguide.com/kotters-8-step-model-of-change.htm Kotter. (2012, February 8). Guiding Coalition: A Dream Team to Help You Implement Strategy Quickly. Forbes. https://www.forbes.com/sites/johnkotter/2012/02/08/guiding-coalition-a-dream-team-to-help-you-implementstrategy-quickly/?sh=1182e447b294 Martin. (2022a, November 7). Change your life: 3 easy steps to creating a new vision statement. Mycomputer Career. https://www.mycomputercareer.edu/news/change-your-life-3-easy-steps-to-creating-a-new-visionstatement/ Tillman, M. (2003, March). A model for change: with the comprehensive eight-step Kotter Model, contract managers finally have an effective approach for leading change within their organizations. Contract Management, 43(3), 8+. https://link-galecom.proxy.davenport.edu/apps/doc/A99125111/GBIB?u=lom_davenportc&sid=summon&xid=616a8fbb