In: Economics
Develop a vision to inspire change. Include the following: Include the identify various stakeholders. Identify the external and internal forces that drive organizational change.
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The ever changing business environment which has proven itself to
be dynamic in nature effects the overall organization in many ways,
the change in organization affected by business environment
challenges the organization in many ways an motivates it to grow,
thus managing the change is not just by simple planning but it also
requires greater skill like quick and effective decision making,
great knowledge of business competitors, suppliers and other agents
being associated with the organization.
A successful management change can be seen in the following ways
–
Which creates a definable strategy with clarifies organizational
objectives.
Which facilitates communication throughout all the channels of the
organization.
Which helps to empower employees with the help of effective
training and development programs.
The external forces which drives the change in organization are as
follows –
Economics – The change in economic policies and economic factors
drives the organization to adjust themselves according to the
market or prevailing industry, Any economic reforms which effects
the consumers of the product which organization is manufacturing
can tighten the financial belts of the consumer, while change in
strategies such as modifying the product line according to
industrial standard can effect organization.
Technology –An essential and most important characteristics of
technology is that it become obsolete in period of time thus it
does not provide a guarantee that it remains at a constant level
for the lifetime so it’s important for the organization to upgrade
their technology time to time.
Competition –The performance of the organization depends at a large
extent on the competitor in the industry, the competitors may
attract the consumers in the market by providing lucrative offers
by simply by price cutting method.
Political Factors –Political factors influence business in many
ways like the ruling party may introduce any reform which may not
be in the favours of the organization or vice versa, thus all the
big organization try to please the government time to time so that
market regulations are always in their favour.
The internal forces which rives the changes in the organization are
as follows –
Change in management style in the organization effects the
employees working scenario, employee’s takes time to adjust to the
new working condition culture thus it effects the overall
organizational performance.
The overall organizational objective defines how and where the
organization will reach in coming years, thus to have a predefined
and well set organizational goal is important.
Innovation and creativity in the organization among the employees
are necessary, any organization whose employees are not innovative
and creative may perform well in short term but will surely fail in
the long run.