Global competition is fierce, and any competitive advantage is vital for global success. Making a global shift might mean youâll be acting as a manager to product teams in multiple countries or ramp up production to have the components to break into a new market. However, the changes look for your organization, effective change management is an important factor for acquiring and keeping any competitive advantage.
Discuss the relationship between organizational change and the organizationâs need to stay competitive in a global market. How much does this relationship drive change? What other factors drive organizational change?
The relationship between organizational change and the organization’s need to stay competitive in a global market is a complex one. On the one hand, organizations need to change in order to adapt to the ever-changing global marketplace. On the other hand, change can be disruptive and can lead to decreased productivity and employee morale.
The relationship between organizational change and the need to stay competitive in a global market is driven by a number of factors, including:
- The pace of technological change:Â The pace of technological change is accelerating, and organizations need to be able to keep up in order to stay competitive. This means that organizations need to be able to quickly adopt new technologies and to adapt their business models to take advantage of these technologies.
- The globalization of markets:Â Markets are becoming increasingly globalized, which means that organizations need to be able to compete on a global scale. This means that organizations need to be able to operate in multiple countries and to cater to the needs of customers in different cultures.
- The changing nature of competition:Â Competition is becoming increasingly complex, with new entrants entering the market all the time. This means that organizations need to be able to innovate and to differentiate themselves from their competitors in order to stay ahead.
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