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It refers to any event or program an enterprise undertakes that causes major disruption to daily operations.
Organizational change management ensures that the new processes resulting from a project are actually adopted by the people who are affected.
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Change management reduces the risk that a new system or other change will be rejected by the enterprise.
By itself, it does not reduce costs or increase sales. Instead, it increases the teamwork required for the enterprise accept the change and operate more efficiently.
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