Change: In the context of an organisation change is the implementation of new procedures or technologies intended to realign an organisation with relentless changing demands of its business environment, or to capitalize on business opportunities.
Modern day environment is highly characterised by rapid change and since the business organisation is a sub-system of the environment, there is need to constantly revise organisational goals and policies to ensure that they are kept abreast with environmental changes.
Change Management: Refers to the proactive anticipation of change and being prepared for the change in order to cope with, introduce and sustain transformation. It looks at the way managers adjust their plans, activities etc to cope with the turbulent environment.