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1. INTRODUCTION Organizational Change management is an independent entity that deals with changes andmodifications in an organization while change management suggests changes to departments,teams, groups and other areas which require care and attention. Change management isassociated with various tools, varieties of techniques and activities that aim to bring forthchanges in an organization, for a desired business outcome. Change management conveydifferent meaning to different people.

It could alter employee’s job responsibility, position oreven his job role in the company. People’s perspectives give different meaning to the processof change management. For some it’s a mere change but when we understand its depths wecan realize it’s not a small change.

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Change management is a field of study which deservesmuch more attention than it receives now days. May it be an acquisition, may it be a mergeror a takeover change management and change manager is responsible for all the changes andhe is concerned with protecting the interest of the employees. Change management could alsoboost the financial situation of a company. Change management is initiated with a view tomaximise the return on the investment and the financial situation of a company. 2. THEORITICAL FOUNDATIONS Change management can also affect a company’s performance in both positive and negativeways.

The changes can sometime motivate the employees while sometime it may discouragethe employees. Change management has to be done in a careful manner that the company andits goals are un-affected by the process. Change managers are the ones who are entrusted withthe process of change management; they need to compare the good and bad effects of theproposed change before adopting it. The decision to implement the changes in anorganization determines the future of an organization. It alters the ways in which work isdone in an organization.

It affects the usage of the resources and can reduce the wastage ofresources to boost the productivity up to an extent. 2.1 BASIC CONCEPTS2.1.1. DEFENITION A According to beer, reinstate & sector, 1990 “ORGANIZATIONAL CHANGE IS APROCESS BY WHICH A LARGE COMPANY OR ORGANIZATION CHANGESITSWORKING METHODS OR AIMS. REASONS FOR DESIRES TO RE-ORIENTMIGHT INCLUDE THE NEED TO DEVELOP AND DEAL WITH NEW SITUATIONS 1 

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