Organizational change today manifests itself in numerous forms, including:
- New or redefined strategy
- Design and deployment of new organizational structures
- Profound changes in culture/operating environments
- Major innovations in products, processes, or distribution
- Cycle-time reduction
- Strategic combinations and consolidations such as mergers and acquisitions joint ventures, breakups, spinoffs, and divestitures
- Expansion into new regions, emerging markets, technologies, and offerings
- New senior managers who broaden and intensify jobs
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In addition, outsourcing and off-shoring, with their accompanying downsizing, have become accepted management tools. Even the nonprofit sector is not immune to change as it is subject to funding cuts, new clients, and the need to dramatically increase services.
The pace of change, greater than at any time in history, has compounded the challenge for organizations, with leaders noting a striking increase in the frequency and velocity of change. Where new ideas in the form of products or services took six years to enter the marketplace in 1966 and 18 months in 1996, they now take five months.
