In: Economics
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1. Evolutionary change refers to a process in which change occurs very slowly. In other words, evolution means a process where changes occur in different stages. For example, changes in the behavior man over a period of time. Changes in the environmental conditions over a period of time. An effective company evolves over time to sustain in the marketplace. It listens customer complaints, feedback and take actions quickly to evolve its products faster than its competitors.
Revolutionary change refers to a change that occurs suddenly. It
does not occur phase by phase. For example, changes in
organizational structures or changes in political parties which
occurs suddenly. There is also revolutionary changes in culture,
economy and socio-political conditions.
2. Re-engineering means the process of bringing changes in the
company's work procedures. It is the process of reviewing various
phases of business and steps taken to improve it. Re-engineering is
basically done to improve the market position, become more familiar
among the customers, increase company revenues and improve the
products and services. Re-engineering helps a company to analyze
the strengths and weaknesses and take necessary steps to bring
changes in the company so that it will help to get a better
position in the marketplace. Re-engineering an organization
involves several processes, starting from organization structure to
working process of the organization. It must be planned first, what
to change, how to change and what are the implications of change.
Re-engineering brings changes in the overall productivity of the
company. Sometimes re-engineering is costly for the organization
and also for the employees as there is changes in departments are
made which may require layoffs. But, in future it may be productive
for the company and also for the employees to be placed in other
multi-national companies. Many companies are following the process
of re-engineering in order to get profits and long-term success. In
order to maintain growth and sustainability, a company needs
re-engineering periodically. Keeping in mind, the pace of change in
various organizations, i think re-engineering is becoming a popular
instrument of change today.