Strategic Management: Formulation and Implementation

Managing Strategic Change

The study of organizational change is extremely important because change is a fundamental and necessary part of organizational existence. All managers at all organizational levels are faced throughout their careers with the task of changing their organization.

Moreover, the most important challenges managers will face in the 1990s are those associated with continual and rapidly accelerating change. Markets have been globalized; political instability has led the march toward democratic societies and capitalist economies; national economies have become increasingly interdependent, new technologies have transformed industry after industry.

However, the real challenge confronting today's business is the failure of its leaders and managers to understand change and to manage it. Therefore, managers who determine appropriate changes to make in organization, and then can successfully implement change are very important to organizations of all kinds.

This chapter offers analysis a model of organizational change that integrate economic, political, sociological, and historical insights.