Why organisations need to change
Posted on 15th February 2020 at 21:04
There are many drivers of organisational change. These include:
growth opportunities, especially new markets
economic downturns and challenging trading conditions
shifts in strategic objectives
competitive pressures, including new entrants, mergers and acquisitions
customer or supplier pressure, particularly shifting markets
learning new organisation behaviours and skills
Many organisations are in flux: changing their focus, expanding or contracting their activities and rethinking their platforms, products, and services. This is particularly so during times of significant uncertainty, for example following the vote by the UK to leave the EU - see our Brexit hub. In the wake of financial pressures, corporate scandals and greater public scrutiny, organisations are developing a more balanced view of their stakeholders, and taking account of a greater range of considerations (beyond financial) in making decisions. Meanwhile, emerging technology is driving new forms of employment relationship and fundamentally changing the way businesses operate.
In this context, organisations need to introduce and manage change to achieve organisational objectives, maintaining the commitment of their people, both during and after implementation. Often, at the same time, they must also ensure that business continues as usual.
So it’s vital to consider carefully the way any change is managed, and those doing it are properly supported. While each change situation is unique, there’re still some common themes that will help give the change process the best chance of success.
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Tagged as: Change Management
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