Organizational Change
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Organizational Change

585549

  • Undergraduate
  • 2393

Short excerpt:

The pace, unpredictability, magnitude and the impact of change in the business environment and in the society at large are greater than ever before. Todays business contexts are tremendously changing due to the economic and business factors such as globalization, technology advancement, rigorous competition, need to control costs and increase efficiency and therefore change has become an extremely critical management strategy. Change is, therefore, often considered as a reaction to external threats in volatile environments or as proactive attempt to grab wider opportunities (Thompson, 1993, p. 697).

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