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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.
In economics, organizational effectiveness is defined in terms of profitability and the minimisation of problems related to high employee turnover and absenteeism. [4] As the market for competent employees is subject to supply and demand pressures, firms must offer incentives that are not too low to discourage applicants from applying, and not too unnecessarily high as to detract from the firm ...
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.
According to a report by Catalyst, companies that hire more of these type of workers tend to outperform their competitors.
Aligning the organization with transformational leaders by committing, being involved, and developing with the employees can lead to higher job satisfaction and motivation. [38] When transformational leadership was used in a nursing environment, researchers found that it led to an increase in organizational commitment. [35]
Workplace strategies tend to be developed by specialist workplace consultants or the service may provided from within an architectural practice. Savage notes that: [1] "The successful implementation of a workplace strategy requires an interdisciplinary team, internal and external to the organization ...
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 ...
[2] Others describe Business Transformation as "the process of fundamentally changing the systems, processes, people and technology across a whole business or business unit. As such, a business transformation project is likely to include any number of change management projects, each focused on an individual process, system, technology, team or ...