Bìznes Inform (Mar 2022)

Features of Change Management in the Private and Public Sectors

  • Yakymets Mariia M.,
  • Karkovska Veronika Ya.

DOI
https://doi.org/10.32983/2222-4459-2022-3-102-108
Journal volume & issue
Vol. 3, no. 530
pp. 102 – 108

Abstract

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The issue of the efficiency of the functioning of any organization depends on the pace of development and stability of its activities. One of the main influence levers on increasing functionality efficiency of an economic entity is the process of change management. This study aims to present the general conceptual basis and show the specifics of public sector change management in relation to private sector change management. The article observes the specifics and tendencies of change management in private sector and the possibility of its adaptation for the State authorities. A critical review of the main theories and approaches to change management is carried out as an important step towards effective public sector reformation through the prism of the private sector. The external and internal reasons and motives for changes in the authorities are distinguished. It is determined that the visualization of each stage and evaluation of the results is a necessary factor. This will not only strengthen the impression that the proposed changes are realistic to be implemented, but will also become a substantiation of some of the costs for implementing the reforms. Changes, on the one hand, complicate the functioning of the authority, on the other hand determine its survival, further development and formation of a successful strategy. The implementation of changes must be a well-thought-out and comprehensively grounded process. That is why there is a need for deeper empirical studies of the process of changes. In particular, research should provide detailed information on change measures, as well as the roles and behaviors of those involved in change processes.

Keywords