The word “change” can possibly scare even the strongest person. When we consider organizational change, it is often necessary to adapt a few positive changes to keep pace with the developments in the market and constantly evolving world. Organizations who fail to recognize the required change may fall behind their competitors and may end up in poor growth. For example, the technology used by an organization say on a daily basis may be outdated and has to be replaced, which means the organization should be responsive towards the required change.
When an organization re-evaluates its method of operations in order to cater the changing demands of the market and to survive the competition is known as organizational change. To be successful, it is a must that the organizations accept and implement the changes. There are certain factors that force the organization to change.