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ORGANIZATION CHANGE AT PARAKHI DOT COMSeminar on Change ManagementPresented by: Group 2

Ajay GhimireChanda Kiran AdhikariMohammed IstiyakNiraj GhimireSambridhi Ghimire

Introduction to Company PARAKHI DOT COMEstablished in 2011; currently situated at Kamal Pokhari Chowk, Kathmandu.CEO and Founder- Dr Sameer Maskey, Assistant Professor of Data Science and Technology Entrepreneurship in Columbia University, NewYork.

Contd..Parakhi Dot Com is an Information Technology (IT) Company.Engage in designing software and outsourcing to US client. Currently started to provide BPO service as well.The company has altogether 55 employees.Contd..Change in OrganizationBefore registering the company in 2011Founder initiated the company as a research project to review hotels in Nepal.Created a Database of hotels and formally registered a company as Parakhi Dot com To provide online tourist and hotel guide serviceIn January 2014, the founder of the company established Fuse Machine an IT company in USA. Mode of ChangePlanned Change

Triggers of the changeOrganizational triggersVision of leader to develop product and service related to artificial intelligence.

New project from Fuse machine.

Environmental Triggers

Market for their services in us company fuse machine.

Less opportunity in Nepalese market.

Less income in their previous businesses.

Culture of big companies to not work with start ups.Targets of ChangeStrategic change in terms of product and services.

structural change as within 6 months time there was 12 fold increment in the staff size.

Cultural change as employee preferred to work only 5 days instead of six.Role in organizational changeConcluding remark in terms of success or failure for change

Completed one year only after the big transformation.Analyzing the working ambience and interacting with the managing director as well as one of the senior employees SuccessfulWe personally experience the change culture

PARAKHI mean expertise in something, so it will not be wrong if we would say Parakhi Dot Com is actually a parakhi in managing change !!!

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