MANAGEMENT CHANGE IN ORGANIZATION

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Change management challenges organizations to succeed during times of great change. Learn how to successfully plan, implement, communicate, create employee involvement and commitment, and measurement systems during change.

Significant organizational change occurs, for example, when an organization changes its overall strategy for success, adds or removes a major section or practice, and/or wants to change the very nature by which it operates. It also occurs when an organization evolves through various life cycles, just like people must successfully evolve through life cycles. For organizations to develop, they often must undergo significant change at various points in their development. That's why the topic of organizational change and development has become widespread in communications about business, organizations, leadership and management.

Satyam Computer Services (NYSE: "SAY") is a leading global consulting and IT services company, offering a wide array of solutions customised for a range of key verticals and horizontals. From strategy consulting right through to implementing IT solutions for customers, Satyam straddles the entire IT space. It has excellent domain competencies in verticals such as Automotive, Banking & Financial Service, Insurance & Healthcare, Manufacturing, Telecom-Infrastructure-Media- Entertainment-Semiconductors (TIMES). As a diverse end-to-end IT solutions provider, Satyam offers a range of expertise aimed at helping customers re-engineer and re-invent their businesses to compete successfully in an ever-changing marketplace. Satyam's network spans 55 countries, across 6 ontinents. Nearly 40,000 dedicated and highly skilled IT professionals, work in development

centers in India, the USA, the UK, the UAE, Canada, Hungary, Singapore, Malaysia, China, Japan and Australia and serve over 558 global companies, including over 163 Fortune 500 corporations.

Since 1944, the American Society for Training and Development (ASTD) presents the ASTD BEST Awards to companies that demonstrate enterprise-wide success through employee learning and development. In 2007, the ASTD BEST Award first place ranking went to Satyam Computer Services, in recognition of Satyam's efforts of providing quality education opportunities for their staff.

What was the Business Imperative to go in for the CGBL Programme?

The CGBL programme, termed as the Certificate of Global Business Leadership, will equip selected leaders at Satyam with best-in-class skills taught in MBA programmes to expand and deepen global strategic leadership capabilities. The objective and focus of the programme is to boost Satyam's strategic leadership excellence, and further its "trusted-advisor" strategic relationships with its customers around the globe. Speaking on the partnership, B Rama Raju, co-founder and CEO, Satyam

Computer Services, said, "Having recognised the need to grow globalleaders, we have continuously taken initiatives to create an eco-system for nurturing this growth. It is also imperative to arm ourselves with current best practices from global innovators in education and training." "The three-year tie-up today will enable us to draw upon the required learning's and thought processes from their knowledge base and experiences, and we are glad to extend the same to our associates," Raju added.

What solution

The India Company scenario has vastly improved in the last few decades. The number of companies in India have increased at an impressive rate. More and more foreign companies are having their branches in India. They are either holding hands with some Indian company by entering into a partnership with them or they are building up their own offices in India. These in turn have definitely made a positive impact on the India company scenario and the future of India Company looks very promising.

Some of the highlights of the India Company situation:

India possess more billionaires than China. The Forbes magazine had stated that it was only this year that China reached 15 billionaires whereas India already had 20 billionaires last year.

India has been stated to have emerged as the world's fastest growing wealth creator, thanks to a bouncy stock market and higher earnings.

A number of Top companies in India exceeded last year's net profit in just six months of the current fiscal, reflecting a speeded up growth in corporate earnings.

Another striking feature is that forty-four per cent of Top 100 Fortune 500 companies are present in India which reflects the fantabulous position that the India Company scene holds.

Amongst all the developings in India one of the major developments has been in the IT company sector. The IT company scenario has witnessed a speedy growth and offers lucrative job opportunities making IT a prime career option for the youth. As a matter of fact, it is one of the fastest growing sectors in the India Company premise. India is slowly emerging as a Global IT superpower and the reason behind the success can definitely be attributed to the high quality of software human resources. The IT sector has tremendously helped in improving the Company scenario in India.

Find A-Z list of companies in India, along with their company profiles, mission statement, key activities, address and contact details:

As part of their quality endeavors, Satyam has crossed many milestones, some of which are:

Among the first companies to have been certified ISO 27001, ISO 9001, and ISO 20000.

First company in the US, Kuala Lumpur, Australia, Singapore, Shanghai, and India to have achieved the latest Information security standard, ISO 27001.

The first company to get ISO 9001-2000 certified

Satyam has been emphasizing on its social responsibility as well. This include transformation of lives of the under privileged, which has been possible through its Corporate Social Responsibility arm, called the Satyam Foundation.

The new owners of Satyam Computer Services plan to prepay a Rs 300-crore loan the company had taken in February in an indication of its improved

financial position just a month after being taken over by TechMahindra.

Part of the money that Satyam received from Tech Mahindra when it bought a 31% stake in the Hyderabad-based company will be used to retire the loan, a person familiar with the development said.

Satyam's board of directors has approved the early repayment. "The cash flow situation has improved as the company has been able to recover some of its dues," he said.

The loan was raised from IDBI Bank and Bank of Baroda after the government-appointed board tasked with rescuing Satyam found that the company was cash-strapped and did not have enough funds to meet its short-term obligations.

The company's founder B Ramalinga Raju said on January 7 that its accounts were manipulated, leaving an over Rs 7,000-crore hole in its books.

The one-year loan, carrying a 13.5% interest rate, was raised by pledging Satyam's land in Hyderabad. The company only drew half the Rs 600 crore it was sanctioned by the banks.

Tech Mahindra, which in April won the bid for Satyam, has infused Rs 1,756 crore into the company by subscribing to a preferential issue of 30.27 crore shares at Rs 58 per share. An open offer to buy a further 20% stake will open on June 12.

The new owners of Satyam Computer Services plan to prepay a Rs 300-crore loan the company had taken in February in an indication of its improved

financial position just a month after being taken over by Tech Mahindra.

Part of the money that Satyam received from Tech Mahindra when it bought a 31% stake in the Hyderabad-based company will be used to retire the loan, a person familiar with the development said.

Satyam's board of directors has approved the early repayment. "The cash flow situation has improved as the company has been able to recover some of its dues," he said.

The loan was raised from IDBI Bank and Bank of Baroda after the government-appointed board tasked with rescuing Satyam found that the company was cash-strapped and did not have enough funds to meet its short-term obligations.

The company's founder B Ramalinga Raju said on January 7 that its accounts were manipulated, leaving an over Rs 7,000-crore hole in its books.

The one-year loan, carrying a 13.5% interest rate, was raised by pledging Satyam's land in Hyderabad. The company only drew half the Rs 600 crore it was sanctioned by the banks.

Tech Mahindra, which in April won the bid for Satyam, has infused Rs 1,756 crore into the company by subscribing to a preferential issue of 30.27 crore shares at Rs 58 per share. An open offer to buy a further 20% stake will open on June 12.

The new owners of Satyam Computer Services plan to prepay a Rs 300-crore loan the company had taken in February in an indication of its improved

financial position just a month after being taken over by Tech Mahindra.

Part of the money that Satyam received from Tech Mahindra when it bought a 31% stake in the Hyderabad-based company will be used to retire the loan, a person familiar with the development said.

Satyam's board of directors has approved the early repayment. "The cash flow situation has improved as the company has been able to recover some of its dues," he said.

The loan was raised from IDBI Bank and Bank of Baroda after the government-appointed board tasked with rescuing Satyam found that the company was cash-strapped and did not have enough funds to meet its short-term obligations.

The company's founder B Ramalinga Raju said on January 7 that its accounts were manipulated, leaving an over Rs 7,000-crore hole in its books.

The one-year loan, carrying a 13.5% interest rate, was raised by pledging Satyam's land in Hyderabad. The company only drew half the Rs 600 crore it was sanctioned by The new owners of Satyam Computer Services plan to prepay a Rs 300-crore loan the company had taken in February in an indication of its improved

financial position just a month after being taken over by Tech Mahindra.

Part of the money that Satyam received from Tech Mahindra when it bought a 31% stake in the Hyderabad-based company will be used to retire the loan, a person familiar with the development said.

Satyam's board of directors has approved the early repayment. "The cash flow situation has improved as the company has been able to recover some of its dues," he said.

The loan was raised from IDBI Bank and Bank of Baroda after the government-appointed board tasked with rescuing Satyam found that the company was cash-strapped and did not have enough funds to meet its short-term obligations.

The company's founder B Ramalinga Raju said on January 7 that its accounts were manipulated, leaving an over Rs 7,000-crore hole in its books.

The one-year loan, carrying a 13.5% interest rate, was raised by pledging Satyam's land in Hyderabad. The company only drew half the Rs 600 crore it was sanctioned by the banks.

Tech Mahindra, which in April won the bid for Satyam, has infused Rs 1,756 crore into the company by subscribing to a preferential issue of 30.27 crore shares at Rs 58 per share. An open offer to buy a further 20% stake will open on June 12. the banks.

Tech Mahindra, which in April won the bid for Satyam, has infused Rs 1,756 crore into the company by subscribing to a preferential issue of 30.27 crore shares at Rs 58 per share. An open offer to buy a further 20% stake will open on June 12.

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