Locate and read the AMPcase study in the Assignment 2 folder

Locate and read the AMP case study in the Assignment 2 folder.Noting the past events surrounding and contributing to AMP’ssituation, you have now been appointed by AMPas a change management teamto complete the following tasks:1)Identify a significant change initiativethat will enable AMPto regain the trust of its shareholders, employees and most importantly, the public(this can be any pro-active change within AMP and does not have to relate to the scenario outlined in the case study).In providing a rationale for this change initiative, you must clearly explain why ithas been chosen and what the outcome will be once the initiative has been successfully implemented (ie. what value will be generatedafter the change has been implemented?).2)A successful change implementation can only be achieved if those parties impacted by the change (ie. Internal and external stakeholders) are convinced that the change is worthwhile and that the resultant benefits outweigh the costs involved. In relation to the change you have selected, you must clearly state who the stakeholders are, how they are impacted and what their level of interest, power and influence is. (Tip: The stakeholder grid was covered in the unit and rememberthatstakeholders could comprise individuals and/orteams).3)The successful implementation of your change initiative is a critical undertaking for AMPand therefore;a.AMPhas stipulated that you must utilisethe PROSCI ADKAR methodology to guide your implementation project. Drawing from the unit content and further research, you must explain and apply each phase of the methodology in detail.b.Within the above discussion, how will you know the outcome of each phase has been achievedin relation to the major stakeholders?(N.B The ADKAR model stipulates that you cannot move to a subsequent phase until the outcome relating to the previous phase has been achieved).