The Change Management Process

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The Change Management Process (130 points) Throughout the years, specifically since the implementation of Saudi Vision 2030, the Kingdom of Saudi Arabia has experienced many changes. For this assignment, select an organization, which you have not written about (thus far) in MGT521, and address the following:
Provide information about the organization’s mission, vision, values, and industry.Provide details about how the organization has made changes based upon the pillars of Saudi Vision 2030.Explain what additional changes the organization must make to further align with the goals and objectives set forth by Saudi Vision 2030.Explain what changes the organization must make to align with the needs/changes in the external environment.Based upon the changes noted, as related to Saudi Vision 2030 and environmental changes, explain which tools for action planning, explored in Table 9.3, you would utilize to effectively carry out the change.Explain the critical role of communication during the time of the change and how you would effectively communicate the change to all organizational stakeholders.Your well-written paper should meet the following requirements:
Be 6-8 pages in length, which does not include the title and reference pages, which are never a part of the content minimum requirements.Use Saudi Electronic University academic writing standards and APA style guidelines.Support your submission with course material concepts, principles, and theories from the textbook and at least four scholarly, peer-reviewed journal articles.
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e this, he implemented a food bonus of 200,000 bolivars (Quartz 2020) – that goes for individuals who are actually employed. It was predicted that Venezuela’s unemployment rate would have reached 50% by this year.. Venezuela’s unemployment rate – referring to the segment of the labour force actively seeking and able to undergo employment, without work – was forecasted to be 44.337% during the December period of 2019. An almost 10% increase since the year prior illustrating the apparent negative impact inflation has on employment (CEIC 2019). In the short term, individuals are likely to supply labour despite the acceleration in inflation due to the higher wages. According to the Phillips curve, inflation and unemployment maintain an inverse relationship meaning low levels of unemployment correspond to higher levels of inflation and high unemployment corresponds to lower levels of inflation – potentially deflation. Logically, this makes sense as high unemployment would put a downward pressure on prices of goods and reduce inflation. This is because a lack of income makes excess expenditure less permissive. However, in the case of Venezuela, it differs. Venezuela is undergoing extremely high inflation as well as relatively high unemployment rates. When unemployment is high, the supply for labour is traditionally greater than the demand for it, as the number of individuals seeking work significantly exceeds the number of jobs available. Therefore, increasing wages as a means of employers bidding for the service of employees is unnecessary – and so wages remain stagnant during inflation periods. As Venezuela demonstrates, an economy can encounter high inflation alongside low economic growth at one time. Several technical explanations can be proposed with regards to why the country’s economic growth is in deficit. A primary one being the concept of demand-pull inflation which comes about as a result of the demand for goods surpassing the supply available. However, no fundamental increase in aggregate demand was displayed in the case of Venezuela. Instead, the supply fell considerably short. The lack of foreign currency reserves lead to the inability to import fundamental commodities beyond a particular point causing a demand-pull inflation. What’s more, producers increased the prices of their goods and services in o>

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