Title: The Biggest External Factors of Organizational Change
Headings: What Are the Biggest External Factors of Organizational Change?
What Are the Biggest External Factors of Organizational Change?
Internal causes of change, for instance, can include:
What Are the Most Common External Factors of Organizational Change?
Growth Opportunities
Growth opportunities for a business can be opened up through:
Competitive Pressure
Technological Innovation
New Paradigms
Changing Customer Demands
For instance:
The Economy
Natural Events
Mergers and Acquisitions
When two companies join forces, the resulting changes can include:
The Importance of Change Management Agility
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Content: Consider all of the technological developments in recent years – the internet, mobile technology, AI, and the blockchain. All of these are causing a massive paradigm shift in the way we live and work. To survive, businesses must adapt and change the way they operate. Changing Customer Demands
Customer demands can also be a source of change. For instance: Customers may begin performing product research online rather than in the store
Clothing may go in or out of fashion
Food preferences may change over time
And so forth. Since customers are the lifeblood of any business, businesses must always strive to meet and exceed customer expectations. Good solutions to changing customer demands include creating a customer experience culture and refocusing your efforts on customer success – rather than your own products and features. The Economy
Economic changes can also pressure businesses to change. A weak economy, for instance, can cause downsizing, budget cuts, business process changes, and so forth.