Comparative Analysis of Change Management Models Based on an Exploratory Literature Review

Abstract

Nowadays, a lot of companies are faced with the urgency of change in their daily operations. This is especially relevant in modern business development conditions when constant changes are considered critical for a company to adapt to market requirements and the global economic situation. The paper presents the audit of the most famous change management models. Change management is an endless cycle, and it requires a sound vision, plan, time, aptitudes, inspiration, monetary and automatic endeavors to execute the change. Successful change management is a venture and contributes to a hierarchical turn of events. There are a few models of change management available and choosing the right change management model is vital for leading or guiding productive and smooth transitions. The main goal of this paper is to describe the main differences between the well-known change management models by reviewing the relevant literature. The analysis led to the conclusion that it is impossible to pick up an optimal approach to change management. Every approach to change management attracts attention to various aspects of this problem; however, they do not exclude but complement each other.