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Sometimes the term business life cycle is used interchangeably with the organizational life cycle, while the two are different. The organizational life cycle is a more inclusive term for all kinds of organizations which includes even government organizations , but the business life cycle refers more specifically only to for-profit companies .
More specifically, organizational adaptation is premised on organizational decision-making that is intentional, whereby decision-makers are aware of their environment; relational, in that organizations and environments influence one another; conditioned, in that environmental characteristics evolved with other organizations’ actions; and ...
When these developments occur, the organizations that adapt quickest create a competitive advantage for themselves, while the companies that refuse to change get left behind. [28] This can result in drastic profit and/or market share losses. Organizational change directly affects all departments and employees.
In management it has been said that business transformation involves making fundamental changes in how business is conducted in order to help cope with shifts in market environment. [1] However this is a relatively narrow definition that overlooks other reasons and ignores other rationales.
This method of organizational transformation is implemented by analyzing and restructuring various aspects of a business, such as workflow, communication, and decision-making processes, with the goal of achieving significant improvements in performance, such as increased productivity, reduced costs, and improved customer satisfaction.
Organization development (OD) is the study and implementation of practices, systems, and techniques that affect organizational change. The goal of which is to modify a group's/organization's performance and/or culture. The organizational changes are typically initiated by the group's stakeholders.
Organizational assimilation is a process in which new members of an organization integrate into the organizational culture. This concept, proposed by Fredric M. Jablin, [ 1 ] consists of two dynamic processes that involve the organizational attempts to socialize the new members, as well as the current organization members. [ 2 ]
For example, it can be more effective when applied to smaller, privately held firms than complex organizations based on its outreach effect with members of the organization. [23] However, it can be concluded that transformational leadership has a positive effect on organizational effectiveness.