Managing change is not such an easy task for our leaders of today.
It entails a critical application of strategies since it highly
affects the present, as well as the future standing of any company.
At the same time, being unable to undergo transformation and
adaptation of the organization to its ever-changing environment
makes any company stagnate. Stagnation is not exactly welcome if
one aspires for advancement and profitability in the dynamic era
that we have today. This may eventually lead to fatal scenarios
which is not only risky for the stakeholders but to the company's
other shareholders as well. Ergo, renewal and continuous
development through effective strategies and its application are
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