Change: Something that Executives and Employees Must Be Ready to Face

Change happens all the time—whether it is at the individual, group, organizational, or social level—and this in turn triggers further change, such as in the nature of labor, technology, economic shock, competition, social trends, and global politics. If something changes in an organization, its employees will also need to change their behavior. An organizational change may be internal or external in nature and may include structural change, cost reduction, process change, and/or cultural change. When change occurs, people respond differently by either accepting or resisting it. Management must therefore try to maintain a balance in order to make employees feel secure while working in the organization.