The changing environment and its implications for business

The changing environment and its implications for business


Introduction:

Change is an ongoing phenomenon in an organisation’s life. The success and failure, growth and profitability of any organisation depend upon its capability to change with the internal and external environment. Any change in the organisation’s environment including changes in the taste of customers, the market competition, political or economic issues, social changes make it imperative for it to make changes in the internal environment. Every organisation thus take action to accommodate or to keep itself updated with the environmental change.

Key issues:

This paper discusses the types of changes that take place in the environment of the organisation and how these changes are implemented, managed and resisted in organisation.




Types of changes in the environment :

External environment:
According to Scherrer (2003) changes, defined as uncontrollable elements by management include issues ...