Which change management approach seeks to build commitment by involving stakeholders?

The approach that seeks to build commitment by involving stakeholders is designed to actively engage those who will be affected by the change. This method emphasizes collaboration and participation, facilitating a sense of ownership among stakeholders and enhancing their commitment to the desired outcomes.

In planned change, stakeholders are not merely informed about changes but are included in the planning and implementation processes. This involvement helps to cultivate a supportive environment, where concerns can be addressed and suggestions can be incorporated, ultimately leading to a smoother transition and greater acceptance of change initiatives.

By fostering communication and soliciting input, planned change ensures that stakeholders feel valued and recognized, which significantly increases the likelihood of successful change implementation. This is particularly important in public finance and administration, where stakeholder buy-in can influence both the effectiveness and sustainability of changes made in budgeting or financial management practices.