Overview
Organizational adaptation is crucial for businesses to thrive in ever-changing market conditions. It involves adjusting strategies, structures, and operations to meet new challenges and opportunities. Companies that successfully adapt can improve their competitiveness, foster innovation, and enhance...
Key Terms
Example: A recession is a type of adverse market condition.
Example: A flat organizational structure promotes open communication.
Example: Flexible work arrangements can help a company adapt to employee needs.
Example: Implementing a new software system requires effective change management.
Example: Sales growth is a common performance metric.
Example: Engaging employees during a merger can reduce uncertainty.