Executive Summary KPMG is an auditing and advisory firm that has its headquarters in the United States. The firm operates in 152 countries and has over 142,000 employees spread across these countries. Strategic change has been one of the major factors that this firm has had to consider. The market is highly dynamic and firms like KPMG have come to realize that same old methods may not be effective over a long period of time. This firm has been challenged by new firms that come into this industry and fight for the same market share that it holds. Changes in the environment due to the emerging technologies are also forcing this firm to change its strategies in order to realize success in the increasingly competitive market. KPMG has realized that it may not succeed without implementing change. There are various strategies that this firm has employed in order to ensure that it manages change within the global environment. It has employed four initiatives: creating a shared set of values, aligning employees’ goals with that of the company, developing common business process and creation of common infrastructure. The initiatives are meant to help shape up the firm’s action plan to be in line with the strategic goals. Introduction Managing change is one of the most important issues that currently arise in the corporate world. Business environment is very dynamic, especially due to the increasing changes in the way of life triggered by technological changes. One of the firm’s that have come to appreciate change is KPMG. This is an auditing firm that has managed to capture markets beyond its home country. It has mastered the art of managing change, and the importance of responding to change the soonest time possible. The management teams of KPMG in its subsidiaries across the world have come to realize that there is need to ensure the management in the corporate world needs to be flexible and dynamic. Change may not be easy to accept, especially to large organizations like KPMG that are accustomed to traditional methods of doing business. Such firms would always find it challenging to shift from one way of doing business to another. Change always comes at a cost, a cost that some management may not be ready to face. To a large firm, the expenses that would be incurred when a firm has to change from one strategy to another are very huge. However, firms must be ready to overcome this. As Page (2010, p. 76) says, “Another problem you may encounter when implementing change is familiarity.” KPMG has however, managed to counter this challenge by ensuring that it employs individuals who understand the current conditions of the market. It is clear that a firm would either adapt to the changing environmental conditions or risk being swept away by the strong forces of change. For this reason, management must realize that they either have to accept change or be rendered irrelevant. Discussion Understand The Background To Organizational Strategic Change The Models Of Strategic Change McKinsey 7S Model is one of the most appropriate models that can be used to manage change. This model emphasizes the importance of aligning the company’s strategic objectives with em