List and explain the various sources of organizational change.
Problem 1) Technologies - can enable knowledgeable staff to make the commitments required to continuously adapt. It also provides a great opportunity for business change.
Problem 2) Global Economic Integration - technology companies that are flexible, agile, and adaptable can play to win in the global arena where the market for their products is multiplied exponentially.
Problem 3) Maturation of Existing Markets - maturation of domestic markets coupled with slow economic growth in the US limit the potential growth in technology companies that do business only in this country. To realize its full potential, today's technology company must think globally.
Problem 4) Development of New Markets - the fall of communism, a worldwide migration toward capitalism, and a trend toward the privatization of government services all combine to create new markets for technology companies.
Problem 5) Shrinking Business Cycle - as the global marketplace becomes increasingly competitive, the time-to-market component of the business cycle shrinks correspondingly.
Problem 6) Differentiation - to compete, technology companies must differentiate their products and services from those of the competition. Differentiation means incorporating attributes in products that either the competition's products do not have or that are better than those of the competition.
Problem 7) Consolidations, Mergers, and Acquisitions - some companies use corporate consolidation as a strategy to improve their market value.
Problem 8) Increasing Stakeholder Influences - globalization has increased exponentially the number of potential providers of the products customers want. This has given customers more clout.