In this assignment, as a group, you will select the change management model and justification you want to use for your project based on the submission from the individual group members. Your group wil

Organization overview The Chittenden Group Insurance is a fourth -generation family -run company. The new CEO, Ted Barber, seeks to advance the business while maintaining its core principles. Change management model For Chittenden's group, we suggest utilizing Kotter's eight -step change management model. The technique offers an organized approach for tackling change and getting over opposition. Justification Kotter's eight -step model is especially useful for a business looking to grow because of its all -encompassing approach to change management and organizational development. First, the strategy starts with "Establishing a Sense of Urgency," which is importan t because it motivates staff members to recognize the value of change and its necessity as services are expanded. This stage makes sure that everyone in the company is aware of the significance of adjusting to new market opportunities or needs and helps to bring the whole organization together around the shared objective of expansion. Overcoming resistance to change To successfully implement change within an organization, it is essential to present a clear vision and communicate effectively. Clearly define the proposed changes and the rationale behind them, and communicate to employees the need for change and its pote ntial benefits. Use multiple communication channels, such as email, meetings, and newsletters, to ensure the message is understood. Engage employees in the process by involving them in decision -making and planning, forming change teams, or holding focus gr oups. Recommended service expansion actions Given the existing services offered, we propose the following service expansion options : - Business insurance expansion that will include environmental Liability Insurance: Offer coverage for businesses facing environmental risks and liabilities due to pollution and environmental damage. Business Interruption Insurance: Provide protection against income loss during periods of suspended operations due to covered events like natural disasters or pandemics. - Personal insurance expansion that will include h ome warranty insurance: Provide home warranty coverage for appliance and system repairs or replacements in addition to standard homeowners insurance . Identity Theft Protection: Offer identity theft protection and resolution services as part of personal insurance packages. - Specialized Services that will include p et Insurance: Introduce pet insurance to cover veterinary costs, surgeries, and routine care. Travel Insurance: Offer comprehensive travel insurance plans covering trip cancellations, medical emergencies, and lost luggage. Budget: expenses and revenue breakdown Service Expansion Budget Business Insurance Environmental Insurance Business Interruption Insurance Personal Insurance Home Warranty Insurance Identity Theft Protection Specialized Services Pet Insurance Travel Insurance Expense List Partnership cost Market research cost Operational cost Development and innovation Partnership Costs