Change management is the methodology and a systematic approach used by an organization to manage the internal and external market changes. It involves adopting new technologies, corporate strategies, processes, implementation of new tools, knowledge, and resources. The process of change management also includes preparing and supporting employees for the change and taking necessary steps to monitor pre and post-change activities. Effective change management is beyond generic strategies, it’s like managing a vast project. The principal objective of change management is to successfully implement new processes, products, and business strategies while minimizing negative outcomes when change occurs internally or externally.