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Implementing Transformational Change through Strategic Roadmap

Before the financial crisis of 2008, the term “restructuring” was extensively used by small and large firms to define and undertake any organizational change with a perception that change can be realized only through restructuring, and that was the final point of any change. Restructuring was the all-inclusive term used for any change. The disaggregation […]

Organizational Barriers to Transformational Change

According to the punctuated equilibrium model, organizations evolve through relatively long periods of equilibrium (stability), which then get disrupted by shorter periods of instability to accommodate more fundamental revolutionary change. These revolutionary periods then attempt to re-stabilize the organization into a new equilibrium period. From this perspective, organizations resist change because resistance to change establishes […]

Managing Unknown Unknowns in Innovation

The external environment of emerging and technology-based industries will tend to be more uncertain as the world moves further into the twenty-first century. Any changes in an innovation firm’s external environment that are driven by the forces of technology, economics, and other influences impede the ability of strategic managers to make strategic decisions to keep […]