Overview
Organizational environment changes are crucial for businesses to understand as they directly impact operations and strategies. These changes can stem from various external factors like market trends, economic shifts, and technological advancements, as well as internal factors such as culture and emp...
Key Terms
Example: The organizational environment includes market trends, competition, and internal culture.
Example: Change management involves planning, implementing, and monitoring changes in an organization.
Example: External factors like a recession can lead to budget cuts in a company.
Example: A positive internal culture can enhance employee productivity.
Example: A culture of innovation encourages employees to propose new ideas.
Example: Stakeholders are affected by changes in company policies.