The document is a chapter on understanding organizational change from a course on managing organizational change. It discusses how change has become a constant in organizations today due to external factors like the economy and technology, as well as internal factors like restructuring. It also lists some current corporate challenges organizations face, such as reducing costs while improving efficiency, dealing with globalization and cultural issues, attracting and retaining qualified employees, satisfying customers with technology, and ensuring shared understanding within the organization.
The document is a chapter on understanding organizational change from a course on managing organizational change. It discusses how change has become a constant in organizations today due to external factors like the economy and technology, as well as internal factors like restructuring. It also lists some current corporate challenges organizations face, such as reducing costs while improving efficiency, dealing with globalization and cultural issues, attracting and retaining qualified employees, satisfying customers with technology, and ensuring shared understanding within the organization.
The document is a chapter on understanding organizational change from a course on managing organizational change. It discusses how change has become a constant in organizations today due to external factors like the economy and technology, as well as internal factors like restructuring. It also lists some current corporate challenges organizations face, such as reducing costs while improving efficiency, dealing with globalization and cultural issues, attracting and retaining qualified employees, satisfying customers with technology, and ensuring shared understanding within the organization.
ORGANIZATIONAL CHANGE IS TODAY’S ORGANIZATIONAL CONSTANT
Managing change is paramount for successfully
implementing changes to organizational strategy, process, people and culture. Managing change well is a continuous and ongoing alignment of an organization’s strategies, structures, and processes.
1. Change as a result of external influences (like
reductions in the economy or technological changes which affect the profitability or resources of an organization). We cannot control this type of change, but it does influence internal change.
CURRENT CORPORATE CHALLENGES Financial Challenges Globalization Challenges • Reducing operating costs to • New employee skills to deal increase production efficiency with a global economy • Developing and implementing • Cultural issues business strategies that result • New ways of doing business in profitable return • Maintaining operating profits in an increasingly competitive business environment
CURRENT CORPORATE CHALLENGES Recruiting Challenges Customer Challenges • Attracting and retaining an • Ability to partner with appropriate number of customers qualified and competent staff • Helping customers • Filling key positions understand how to shop and • Improving current employees buy • Developing technology for greater customer satisfaction
CURRENT CORPORATE CHALLENGES Technology and internet Corporate knowledge Challenges Challenges • Improving the use of technology • Shared understanding of the to keep ahead of the competition organization’s objectives • Gaining knowledge and • Command of products and implementing available services to deepen customer technologies relationships • Matching the latest technologies • Open communication and linkages to customer requirements between and within departments