Impact of Change Management, Resource Allocation, and Performance Monitoring on Team Performance in High-Stakes Industries
DOI:
https://doi.org/10.61503/cissmp.v3i3.226Keywords:
Change management, resource allocation, performance monitoring, team performanceAbstract
This study examines the collective impact of change management, resource allocation, and performance monitoring on team performance in high-stakes industries, where precision, adaptability, and accountability are critical. Utilizing a quantitative research design grounded in the philosophy of positivism, data were collected via a structured survey from 300 managers across sectors such as healthcare, finance, and energy. The results reveal that structured change management significantly enhances team adaptability, helping teams navigate transitions with resilience. Effective resource allocation, aligned with team needs and project goals, was found to directly influence productivity and prevent operational delays. Performance monitoring emerged as a vital practice for sustaining accountability and fostering a culture of continuous improvement, where balanced oversight boosts both morale and efficiency. The findings underscore the importance of integrating these practices, as isolated approaches often fail to support team performance under high-stakes pressures. This study concludes that a holistic framework combining change management, resource allocation, and performance monitoring is essential for building high-performing, resilient teams in demanding environments. Recommendations include implementing structured change management, adopting flexible resource allocation strategies, and maintaining balanced performance monitoring to support continuous team success.
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Copyright (c) 2024 Maria Gul, Muhammad Asif, Inamul Hasan
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
Contemporary Issues in Social Sciences and Management Practices (CISSMP) licenses published works under a Creative Commons Attribution-NonCommercial (CC BY-NC) 4.0 license.