Management issue Essay Example | Topics and Well Written Essays - 3000 words

Management issue - Essay Example Management in the contemporary business world is increasingly encountering the inevitable need to respond to change like never before, especially because sudden shifts in the global business environment such as globalization and technological advancements often demand so (Mastenbroek, 1996). The rapid explosion of knowledge and information systems has instigated the massive growth of social media, and mobile adaptability, which are remarkable phenomenon that have revolutionized the way of doing business in the modern world to great expanses, thus, creating the need for change, and change management accordingly. Furthermore, the increased ease of access to information through the internet has led to unprecedented challenges such as the excessive scrutiny from stockholders and the media, thus, businesses world over must always stay on the alert because they are wary of prying ears and eyes that might sabotage their operations due to bad publicity. Business executives all over the world are under pressure from the left, right, and centre, and have to seek ways of adapting to the pervasive changes that surround their organizations for them to continue operating profitably and sustainably as well. In this regard, change management is a central focus in global organizations today (Beekman, Chenhall & Euske, 2007), especially because the capacity to manage and adapt to change is the single most significant approach to surviving competition in the highly complex and dynamic business environment today. Change Management As already indicated before, organizations all over the world are facing a great threat of extinction due to the rapidly changing and challenging global business environment and have to adopt some rapid structural and operational changes quickly to ensure both their continued existence and profitability. The ability to respond to the rapid changes that are occurring in the global business environment quickly and successfully is a potential source of comp etitive advantages that cushions organizations from stiff completion in the business markets, especially because they are able to leverage on new opportunities that present themselves due to change. However, in ability to respond to changes effectively and fast enough makes organizations to fall behind in terms of business trends, thereby falling out of trade too, due to both logistical and technical challenges that cannot be resolved in the absence of adaptability. Every organization today is focusing on strategies that will lead to high performance and industry competitiveness, thereby ensuring profitability and survival of business; management is facing the greatest challenge ever, of managing the organizational change process effectively towards achieving the desired future state. Both internal and external forces often motivate organizational change (Stewart & Kringas, 2003); however, external forces exert a considerably profound impact on organizations than the internal pressu res; when charting the way forward or the organization’