The Business World, The Outside Environment Essay

Another reason for change might be some new technology that will definitely improve and help develop the business such

During these times of change business may have to change its orgainsation, operation and its nature to deal with the challenges of each stage in the business life cycle. For business to be successful they must constantly develop and change strategies to deal with the growth of the business or the life of the business may be cut short.

For any business to grow and prosper, managers of the business must be able to anticipate, recognize and deal with change in the internal and

There is no doubt about it. The winds of change are upon us. The degree to which you succeed in your life and your business will be your willingness and ability to adapt to change. And during trying economic times, your degree of adaptability is going to either make you or break you when it comes to your business.

2. New perspectives- Let's face it, the business world is constantly changing and in order to be successful companies must adapt and change over time.

In today's marketing era in order to remain in business the organization has to adjust to change in society. The businesses who survive are the ones who can adapt and stay caught up with society's constant demand of new, better and faster mindsets. Coupled with a business being able to think smart and fast, knowing that there is constant change and being able to not only be on the same page but always a step

Market conditions are constantly changing; the market conditions that the firm started with may not be the same market conditions a few months later. This gives business managers the opportunity to keep up with change and continuously improving their skills and assets.

Change is always difficult, whether it be good or bad, it is difficult so providing extra support and guidance throughout the process.

In this ever-changing modern day business environment, organizations should always be ready to adapt to the ever-changing concepts and customers’ needs. Both internal and external factors influence the kinds of changes that take place in any business or organization. As of the complex adaptive systems, in order to keep up with the constant upcoming changes, they need to keep on revising their goals and objectives. They can do this by assimilating to any current changes present in society.

Due to the difficulties that arise when there is a change in management, there needs to be a effective way for managers to adapt to their new work place. Success starts from the top and trickles down. Employees look to their managers to guide them in the right direction.

8. In reengineering, what is the primary purpose of working backward from desired outcomes to establish new processes?

Planning the change – Ensure that all research has been completed; examine the organisational structure, job descriptions, and performance and compensation systems to ensure they are in line with the vision.

With changes a goal is required. You must have something you plan to accomplish when making a change and one of the most

Week 3, the lecture on Managing Change describes organizational changes that occur when a company makes a shift from its current state to some preferred future state. Managing organizational change is the process of planning and implementing change in organizations in such a way as to decrease employee resistance and cost to the organization while concurrently expanding the effectiveness of the change effort. Today's business environment requires companies to undergo changes almost constantly if they are to remain competitive. Students of organizational change identify areas of change in order to analyze them. A manager trying to implement a change, no matter how small, should expect to encounter some resistance from within the organization.

Factors that contribute to the rapid pace of change in business are Natural Resources, Capital, Human Resources, and Entrepreneurship. It is said that it will likely accelerate over the next decade because of the economic stimulus package designed to not only create jobs, but also to build infrastructure.