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HRM Review Magazine:
Managing Change in Organizations: Emerging Trends & HR Challenges
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This article deals with managing change in the competitive environment. It emphasizes on the importance of change and emerging trends viz., impact of globalization, workforce diversity, flexibility, need for flatter organizational structure, and networking organization. It highlights the major challenges of HR such as managing and retention of talents, reinforcing organizational culture, developing a learning organization and leadership development in changing times.

 
 
 

The globalization of economy has led the business environment to be more dynamic with unprecedented challenges of marketplace, technology and human resources. Organizations have realized the inevitability of change. Change is only constant and making work environment diverse. To be successful in this turbulent environment, organizations are forced to be competitive and susceptible to the changing needs of the customer. To foster change, organizations have to create the mindsets of the people with attitudes of flexibility, dynamism and responsiveness. Hence, the prevailing need of the organization is to create a structure and culture that is positive and organic, and develop individuals and groups to their full potential to face the emerging challenges. An efficient way of managing this change is through the process of organizational development, which enables improved organizational performance, survival and growth through enhanced problem-solving capability and decision-making climate for people.

In today's context, the survival and sustenance of the organization depends on its responsiveness to the unprecedented and changing demands of customer preferences, regulatory norms and technological advancements. Organizational change is the initiative and implementation of a new concept to continuously improve its process, structure and methods to increase organizational effectiveness for achieving its objectives. The change takes place in an organization by internal forces such as operations of the company, performance gaps, changing needs of the employees, structure and policies of the company. The change also takes place by external forces like technological changes, rapid changes in business scenario with increasing competition, and environmental factors such as political, economic and demographic factors. It is obvious that any change will have resistance either by an individual or by the organization. It is a general tendency that employees resist change in the absence of adequate knowledge and skill, fear of failure and fear of losing jobs, lack of confidence and losing the established relationship with peers and superiors. The resistance to change can be reduced by some of the approaches like open communication and highlighting the significance of change and its requirement. Also, by involving employees in the change process and providing organizational support with proper understanding.

 
 
 

HRM Review Magazine, Organizational Culture, Organizational Development, Human Resources, Networking Organization, Information Sharing, Communication Network, Business Process Outsourcing, Business Process Reengineering, Organizational Agility, Corporate Transformation.