This is the second part of the plan. Once it has been derived, there is application of the change plan by the company (Qin, Hsu, and Stern, 2016). They focus on the deployment of the change through the creation of the effective communication program and stakeholder management. All companies need to embrace change management to sustain in the current times. However, the collaborative approach by the companies helps in the fostering of the change management. It can be viewed that pull impact where the people are invested in the change. The big dilemma with the aspects of collaboration is the extent to which the people can make the decision and recommend about the change. The aspect of risk is about giving the people self-oriented choices (Chang, 2015). The use of the collaborative approach is that the senior team would make the strategic decisions as to what is needed. It can be alluded that some issues that are connected with the collaboration. These are the issues of time and efforts that the company needs to invest. It is observed that a lack in the organizations time to meet these goals. The issue of speed is imperative in some conditions. However, it is not useful in all the issues that are on the ground. The companies need to invest in the collaborative efforts and some of the people have preconceived notions that they are wasteful. The aspects of team building and proper leadership can be used as a tool to bring collaboration in the change management of the company.
Incentive and Reward Management
The reward and incentives that are provided in the workplace are to benefit the employees and the company management. When the employees are recognized for stellar work and productivity, they have been observed to have satisfaction and involvement in the organization operational function. Owing to this, the employers are found to have greater efficiency and increase in productivity (Geisinger, 2016). The use of the workplace rewards and incentives are created to enjoy a positive and productive work environment. The most common method incentive is to reward the workers for their performance and the aspects of productivity are by use of money. Some of the additional monetary incentives that include the annual or semi-annual are seen (Borsato, and Peruzzini, 2015).