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UNIT 5

ADVANTAGES & LIMITATIONS OF CHANGE


ADVANTAGES AND LIMITATIONS

ADVANTAGES

UNIT 5

ADVANTAGES AND LIMITATIONS OF CHANGE

1. Sharing of ideas
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In case of mergers there will be an increase in talent and new ideas will emerge from the different bits that individuals bring to the table. With this, you are able to come up with more products that may be enticing to your consumers.

UNIT 5

ADVANTAGES AND LIMITATIONS OF CHANGE

2. Acquisition of new clients


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In some cases when an organization changes it is able to serve a much wider client base with more resources or even with redirection of the resources it is currently operating with. Change can simply enhance your appeal to more potential customers and may even sway customers loyal to your competitors.

UNIT 5

ADVANTAGES AND LIMITATIONS OF CHANGE

3. Competitiveness
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Organizations have to constantly change in order to keep up with the changing market and to be able to keep up with its competitors. This also provides a competitive edge against your competitors who will always be left guessing what you are up to.

UNIT 5

ADVANTAGES AND LIMITATIONS OF CHANGE

4. Retention of employees
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When an organization seems not to be willing to change the employees get bored with the monotony and will look elsewhere for new opportunities that seem more challenging. With a fresh venture, employees may feel that they are entering into a new chapter in their lives and will be more willing to work for the company due to the enthusiasm of a new venture.

UNIT 5

ADVANTAGES AND LIMITATIONS OF CHANGE

5. Gender equality
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Being a relatively new concept all organizations must work hard to give their employees equal opportunity according to their capabilities and not because or their sexuality.

UNIT 5

ADVANTAGES AND LIMITATIONS OF CHANGE

6. New challenges
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Employees get an opportunity to tackle new challenges that arise from organizational change. The organization will also tackle new challenges with the new or expanded market they are in.

UNIT 5

ADVANTAGES AND LIMITATIONS OF CHANGE

LIMITATIONS

UNIT 5

ADVANTAGES AND LIMITATIONS OF CHANGE

1. Cultural differences
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In the case of mergers there will be a conflict in organizational cultures thus it is important for the organizations to agree on the modes that will be used to carry out decisions. This may hamper growth of the organization.

UNIT 5

ADVANTAGES AND LIMITATIONS OF CHANGE

2. Loss of jobs
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Some people become redundant when new technology is introduced or even mergers take place as they see it as a potential threat to their future. Many companies will tend to lay off these workers because training them will be expensive.

UNIT 5

ADVANTAGES AND LIMITATIONS OF CHANGE

3. Communication breakdown
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If there is consistent change in an organizations hierarchy there will be a communication breakdown because employees can not keep up with the demands of different individuals. With communication breakdown comes misunderstanding and conflicts may arise.

UNIT 5

ADVANTAGES AND LIMITATIONS OF CHANGE

4. Loss of clients
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When some organizations merge or change their names, some clients are left out due to lack of information in the midst of all the confusion. Other clients may not be willing to be part of the change and may opt to go take their business elsewhere. With the above advantages and disadvantages, we see that change is more profitable for an organization and an individual. In management, there is a strong rule of, Change or Die!
ADVANTAGES AND LIMITATIONS OF CHANGE

UNIT 5

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THANK YOU

UNIT 5

ADVANTAGES AND LIMITATIONS OF CHANGE

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