Over the years, a great degree of inter-connectedness has developed among the countries due to globalization. From the growing role of India in globalization, a need to transform the organizations has become apparent. Today, oorganizational change has become a predominant feature of life. Organizational change is defined as an incremental improvement on existing organizational capabilities. Effective management of organizational change has become very important in a global marketplace.
In this ever-changing economy, organizations confront a world that is challenging in a number of ways. The companies face external uncertainties with regard to competition, acceptance of new technologies, changing customer preferences, community standards, and legislation. They also face internal problems between employee and employee, regarding employee turnover and power struggles due to jockeying for power.
With
a number of unique change programs and restructures affecting
business, companies need to adapt to the upcoming business
opportunities and redesign their organizational model. Today's
relentless pace of reorganizing demands a structured approach
to identifying the need for change and building the skills
and capabilities needed for designing more fluid forms of
organization structures. Despite adverse market conditions,
various organizations have transformed their approach to reorganizing.
Organizations are rightly implementing change programs and
restructures, to seek cultural change and engagement from
their staff. The increasing activity of company restructures
in the market has resulted in a very strong uptake in the
number of contract project and change management roles. |
