Describe the Punctuated Equilibrium of change, and what are the drivers of change under this model?...

Describe the Punctuated Equilibrium of change, and what are the drivers of change under this model?

Use a company you are familiar with or invent your own to explain your answer.

Expert Solution

Punctuated Equilibrium of Change, in business context is a theory where an organisation evolves through a long period of stability and shorter periods of revolutionary changes. These changes define a new stability pattern for the organisation, until disturbed by the next change. These changes may be internal or external to the organisation.

The various drivers of change are:

1) Political : Where the political environment in which the organisation operates change, coup, change in ruling governments, etc leading to change in priorities, rules, etc.

2) Environmental: Change in natural/environmental factors may also lead to change in organisation's models. Example: Pollution emission standards, or banning single use plastic, CFC free refrigerators

3) Economic: A country's GDP growth rate, per capita income, inflation rate, Rate of raising capital, play a huge role in designing an organisation's strategy

4) Technological: The ever evolving techology has kept the businesses on its toes, thanks to heavy investments in Research and Technology and new inventions.

5) Legal: There may be changes in the regulations, laws of a country/state from time to time, which the organisations have to comply with.

Example: A camera manufacturing company SmilePleaseTech, for a long time manufactured the conventional Roll based cameras and enjoyed a heavy market share. Everything was going good for them(equilibrium), when suddenly the world saw the digital technologies emerge. The SmilePleaseTech was woken up from their slumber and realised they also had to make a shift. This techonological change led the SmilePleaseTech to revisit their strategies, revamp their products and hence had to embrace the digital technologies.This was the punctuation of change for them after a long equilibrium period.

keosha answered 7 months ago

Similarities and differences between the five-stage model and punctuated equilibrium model?

If you believe the punctuated-equilibrium model is true about groups, how can you use this knowledge...

If you believe the punctuated-equilibrium model is true about groups, how can you use this knowledge to help your own group? Please explain in at least 120 words.

Describe the basic tenets of Darwin’s gradualism and Gould/Eldredge’s punctuated equilibrium models of rate of evolution....

Describe the basic tenets of Darwin’s gradualism and Gould/Eldredge’s punctuated equilibrium models of rate of evolution. Describe how the fossil record can support both models. Others have argued that these two models are extremes of a continuum, and that we should think about rate of evolution as punctuated gradualism. How does the third model fit our current evidence?

Analyze the development of a project team in terms of the five-phase model or the punctuated...

Analyze the development of a project team in terms of the five-phase model or the punctuated equilibrium model. Provide specific examples from your experience of working in teams as to why the model is the best fit for explaining the development of a project team.

Using the foreign-exchange equilibrium model, explain how a change in the interest rate and an expected...

Using the foreign-exchange equilibrium model, explain how a change in the interest rate and an expected future exchange rate would affect the current exchange rate of the Australian dollar vis-a-vis Chinese Yuan.

8. Draw the goods market. Illustrate and explain how the market equilibrium would change under the...

8. Draw the goods market. Illustrate and explain how the market equilibrium would change under the following circumstances: a. The U.S. dollar gained value compared to foreign currencies. b. American corporations have become leaner which means that productivity in the U.S. has increased. Hint: How are prices in the U.S. affected, relative to foreign prices? c. There is a decrease in transfer payments (ie, items like spending on social programs).

Derive the equilibrium in the Endogenous Growth Model. According to this model, what is the source...

Derive the equilibrium in the Endogenous Growth Model. According to this model, what is the source of economic growth?

• Describe the likely changes to equilibrium output and price levels resulting from the change in...

• Describe the likely changes to equilibrium output and price levels resulting from the change in the tax rates. Begin by describing the effects on aggregate supply and/or demand to fully demonstrate the connection between the tax rate change and equilibrium. • Describe the change in tax revenues for the government in the new equilibrium, in both the short and longer terms.

Under a monopolistic competition model with increasing returns to scale, how would equilibrium differ when the...

Under a monopolistic competition model with increasing returns to scale, how would equilibrium differ when the different varieties are closer substitutes for each other compared to when the varieties are not as close substitutes? Explain

1. Describe the three curves that describe the AD-AS model and show long run aggregate equilibrium...

1. Describe the three curves that describe the AD-AS model and show long run aggregate equilibrium in a graph. 2. Describe and show the AD curve. Include the reasons it slopes downward. 3. Explain the counteracting forces that act against the reasons for a downward sloping AD curve. 4. Describe and show the shift factors for the AD curve. Show how each relates to both increases and decreases in AD.

Question