ADMS 1000 Lecture 10: Confronting Change
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Ap/adms 1000 lecture # 10 confronting change. Organizations have to adapt to changing economic conditions. Downsizing is more likely happens in lean times then in rich: competitive changes. Competitive processes do evolve, and understanding what to expect and what drives evolution along the lifecycle of an industry is critical for surviving turbulent times. The major phases that mark an industry"s evolutionary path are emergence and shakeout to maturity and decline. At each phase organizational skills and capabilities must survive and grow. Domestic and foreign competition certainly has demanded an acceleration in innovation among firms in many industries. Organizations must constantly create new and better ways to serve costumers: technological changes. Both a continuously changing variable and one that permits and demands organizational change. Double-edge sword for business bringing benefits and threats. Can create new industries and destroy old ones. Organizational changesocietal changeseconomic changesglobal changescompetitive changeslabour changestechnological changeslegal/political changes 4. Most pervasive force that has a huge impact globally.