Title: Factors Affecting Organizational Change | CMI
Headings: Factors Affecting Organizational Change
Factors Affecting Organizational Change
Internal Factors Affecting Organization
Vision
Values
Organizational Culture
Core Expertise
Leadership
Performance
Employees
External Factors Affecting Organization
New Opportunities
Fashion
Competition
New Technology
Government Regulation
Politics and Economy
Social Change
Take Home Points:
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Content: In this digital world, organizations need to upgrade technologies in order to remain competitive in the market. For instance, it is absolutely necessary nowadays for every organization to have its presence on online marketing platforms which was not the case ten years ago. Government Regulation
Government laws and regulation such as trade policies, taxation, industry specific regulation, labour laws greatly affect the way of doing business. Organizations need to stay vigilant in connection to government policies and adapt to changes. Politics and Economy
Internal and external politics and economy also affect business. One single event can damage country’s economy. Organizations need to closely follow and analyze political events and economy and make changes as situations demand. Social Change
The social changes refer to change in norms, change in level of education, urbanization, migration etc. These social changes are also powerful external factors which affect the environment which push organizational change to make change. Take Home Points: