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Why is it necessary to change? Provide examples of companies that embrace change for the betterment of their business. What are the old ways, and what changes do they bring?

Principles of Management

OER 2019th Edition

ISBN:9780998625768

Author:OpenStax

Publisher:OpenStax

Chapter18: Management Of Technology And Innovation

Section18.7: Managing Now For Future Technology And Innovation

Problem 1CC: How do you keep up with a constantly evolving environment of technology and innovation?

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Concept explainers

Change management

Change management is a process that helps organizations transition from one state to another. It involves developing a plan to manage the people, process, and technology changes that occur during a transition. Change management also includes assessing the impact of change on employees, customers, and other stakeholders.

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To remain competitive, organizations must be in a continuous state of change. Of course, most change is evolutionary, requiring small incremental changes to keep pace with current technology, consumer demands, and the market. However, the external environment may force an organization into revolutionary change, disrupting the long-standing culture of the organization, or end up facing the consequence of becoming obsolete. Consider your professional experience with a recent or past organizational planned change respond to the following questions: What aspects of the organizational change were successful and why? What aspects of the organizational change were not successful and why? Analyze the strengths and weaknesses of the change process and provide a recommendation to enhance the implementation process for a successful outcome.
What trends or impending changes are likely to take place in the future that could potentially impact your organization? Are there legal issues such as taxes or pending legislative considerations that could change how you do business? What social issues are changing? and, how could such changes negatively impact your business? Are there potential windfalls to be prepared for if certain social trends continue or become major laws?
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To remain competitive, organizations must be in a continuous state of change. Of course, most change is evolutionary, requiring small incremental changes to keep pace with current technology, consumer demands, and the market. However, the external environment may force an organization into revolutionary change, disrupting the long-standing culture of the organization, or end up facing the consequence of becoming obsolete. Consider your professional experience with a recent or past organizational planned change respond to the following questions: Describe the purpose of the change and the expected outcome. Determine the level of organizational change and what occurred leading to planned change. Identify the change model framework used for implementing change. Review the argument about combining dichotomies on exceptions to major and minor changes as you may find this approach was incorporated (Bruskin, 2019) . What aspects of the organizational change were successful and why?…