The Impact of Change Management on the Formulation of Strategic Plans in Business Organizations

(Applied study on Faisal Islamic Bank of Sudan, Hilla Coco Branch)

Abstract

The study aimed to know the impact of change management in the formulation of strategic plans in business organizations, an applied study on Faisal Islamic Bank of Sudan, Hillat Coco Branch. Her problem was summarized in a number of questions, including: (1) To what extent does the Faisal Islamic Bank of Sudan use the Hilla Coco branch of change management in formulating its strategic plans?.( 2) To what extent does Faisal Islamic Bank of Sudan, Hilla Coco Branch, use change management in analyzing the elements of its internal and external environment?. (3) To what extent does Faisal Islamic Bank of Sudan, Hilla Coco Branch, use change management in developing its banking business?. The study assumed the following hypotheses: (1) There is no statistically significant relationship between change management and the formulation of strategic plans at Faisal Islamic Bank of Sudan, Hillat Coco Branch. (2) There is no statistically significant relationship between change management and the analysis of the internal and external environment elements of Faisal Islamic Bank of Sudan, Hilla Coco Branch. The study used the descriptive analytical method, the case study method, and the SPSS program. The study reached several results, the most important of which are: (1) There is a statistically significant relationship between (change management and the formulation of strategic plans at Faisal Islamic Bank of Sudan, Hillat Coco Branch, Khartoum State). (2) There is a statistically significant relationship between (change management and the analysis of the internal and external environment elements of Faisal Islamic Bank of Sudan, Hilla Koko Branch, Khartoum State). The study concluded the following recommendations: (1) Interest in spreading the culture of change management and acquainting its employees with the Hilla Coco branch of the Faisal Islamic Bank of Sudan in the state of Khartoum. (2) The management of the Hilla Coco branch of the Faisal Islamic Bank of Sudan in the state of Khartoum should follow the method of partial, phased, continuous change on an annual basis in formulating and implementing its strategic plans.