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Homework answers / question archive / Market-leading organizations habitually innovate, adjust quickly to new business conditions, and seize emerging opportunities before their competitors do

Market-leading organizations habitually innovate, adjust quickly to new business conditions, and seize emerging opportunities before their competitors do

Management

Market-leading organizations habitually innovate, adjust quickly to new business conditions, and seize emerging opportunities before their competitors do. The critical question though, is not whether to change in response to their swiftly changing environment, but how to manage that change effectively. The main discussion in this Assignment is to critically evaluate types of innovation/change and organisational and environmental inhibitors and accelerants, offer a balanced critical appraisal of relevant theory and concepts and apply relevant theory/concepts to a management scenario. Also, you must offer a pragmatic evaluation, including routes to improve organisational management, with some originality and in an appropriate academic style. Reasoned and logical arguments should be developed and supported by appropriately researched literature. Reference should be made to the current accepted forms of Change Management theory which can be used to assist your explanation of the impact of rapid-fire change on contemporary organizations, and what managers must do to effectively lead the change process. More specifically, students have to deal with the critical question confronting organizations today of how to manage change effectively. They have to consider questions like: what managers must do to effectively lead the change process, what does “organizational renewal” mean, how is evolution in the global economy affecting managerial roles and responsibilities, how is organizational design adapting to such evolutionary change, what are the greatest barriers to organizational change, what kind of programs are required to facilitate learning and the acquisition of new skills.

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