Link: http://theknowledgeeconomy.wordpress.com/2013/03/15/a-simple-change-cycle/
Change, within a business context, is inherently cyclic in nature. Undertaking change for change’s sake is not something that would normally be expected to occur.
The trigger for a change event is the identification within the business that there is a problem that needs to be addressed. The size of the problem need not be large but does need to invoke the desire for change to occur. Appropriate analysis of the problem should eventually lead to its full definition and an understanding of its root cause.
With understanding and, assuming there is the motivation within the business to continue to address the problem, a solution can be defined and ultimately executed. This will result in changes to the business itself.
The change cycle concludes with an assessment of the outcome of the change. Depending how the original problem has been impacted by the change may itself invoke a further change cycle to be implemented.