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Abstract
Management of changes in the process of transformation of the company is one of the most important challenges faced by the entrepreneurial management. In the contemporary theory of organization and management, the model of “Transformational managerial competencies” is singled out and established as an effective instrument in the process of transformation of the organization. The aim of this paper is to illustrate in detail the theoretical basis of the model, as well as to present its implementation on a specific case. Implementation of the model is illustrated at the example of the company „Zastava Machines A.D.“ Kragujevac, as to present to local public the organisational and managerial competencies which are necessary if the organisation strives to effectively undertake the process of transformation, as well as to emphasize the relationship between the ability of management to understand the necessary competencies and to master them on the one hand, and the successful restructuring of the company, on the other hand.