Explain with an example, the need for change in organizations. OR why should organizations change?

90.2K

Verified Solution

Question

General Management

Explain with an example, the need for change in organizations. ORwhy should organizations change?

Answer & Explanation Solved by verified expert

3.6 Ratings (464 Votes)

Considering the changes taking place in the external environment and technological upgradation the organisation have to constantly change adapt Here are some of the reasons which signify why the need for change in an organisation is must The constant capitalisation of advanced technology business orientation of globalisation Business operations in the past 5 years are going global and becoming technologically very advanced hence it becomes important to plan strategies for such an environment New technologies and methods like social media newer software hardware systems etc are being adopted and is making business more accessible across the world Globalisation and technology will keep moving further in the coming decades and it is imperative that the organisation take into account these factors while forming a strategy Exports and FDI Foreign Direct Investment are expected to grow rapidly hence a major portion of revenues and foreign markets will depend on resolving this challenge For the above here are the examples of what needs to be done It is important for managers to encourage creativity and develop high adaptation to such changes With ebusiness penetrating every level it is important for managers to resolve this by accommodating ecommerce other tech motives into business strategy The management has to ensure that business has updated knowledge regarding subjects like International Human Resource Management See Answer

Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:

Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!

Become a Member