Should An Organization Stop Planning As A Response To Changing Environments?
Your Name
Instructor’s Name
Course Name
Date
The Environment in Which Organizations Operate Changes So Quickly That Managerial Plans Are Often Redundant As Soon As They Are Made
While contemporary business environment is on a high-speed track to progress, some might say that progress comes with a price. One specific notion of price is ‘change’. Change is inevitable. One can make it happen, anticipate it to some extent, respond to it or simply go with the flow. Advocates of change emphasize that it is necessary for the development of the human race and the world we reside in. On the other hand, dynamic environments create additional challenges for organizations.
In a stable environment, organizations are mostly aware of the factors involved in decision-making and the outcomes expected from decisions. However, a dynamic environment rips away this satisfaction of predicting the future, and pushes the organization into the unknown. The fear of the unknown leads to strong resistance, thus creating organizational problems. Should an organization stop planning as a response to changing environments or should it adopt a strategic approach to decision-making? The following sections will discuss the importance and/or redundancy of managerial decision-making in such environments.
WHAT IS CHANGE?
“Change is a …show more content…
Delaying might cause opportunity costs to rise and losses to accumulate. However, making critical decisions too soon can lead to excessive risks. In order to minimize risks, organizations need to identify key leaders who can bring together knowledge, skills and experience; build organizational capabilities required to identify critical issues early; and use the saved time to collect intelligence, conduct analyses and debate their implications. Involving managers from diverse organizational functions leads to greater appreciation for the power of collective insight in unpredictable times (Bryan,
Instructor’s Name
Course Name
Date
The Environment in Which Organizations Operate Changes So Quickly That Managerial Plans Are Often Redundant As Soon As They Are Made
While contemporary business environment is on a high-speed track to progress, some might say that progress comes with a price. One specific notion of price is ‘change’. Change is inevitable. One can make it happen, anticipate it to some extent, respond to it or simply go with the flow. Advocates of change emphasize that it is necessary for the development of the human race and the world we reside in. On the other hand, dynamic environments create additional challenges for organizations.
In a stable environment, organizations are mostly aware of the factors involved in decision-making and the outcomes expected from decisions. However, a dynamic environment rips away this satisfaction of predicting the future, and pushes the organization into the unknown. The fear of the unknown leads to strong resistance, thus creating organizational problems. Should an organization stop planning as a response to changing environments or should it adopt a strategic approach to decision-making? The following sections will discuss the importance and/or redundancy of managerial decision-making in such environments.
WHAT IS CHANGE?
“Change is a …show more content…
Delaying might cause opportunity costs to rise and losses to accumulate. However, making critical decisions too soon can lead to excessive risks. In order to minimize risks, organizations need to identify key leaders who can bring together knowledge, skills and experience; build organizational capabilities required to identify critical issues early; and use the saved time to collect intelligence, conduct analyses and debate their implications. Involving managers from diverse organizational functions leads to greater appreciation for the power of collective insight in unpredictable times (Bryan,