Author(s): Olivia Parr Rud
Journal: Business Systems Research
ISSN 1847-8344
Volume: 2;
Issue: 2;
Start page: 4;
Date: 2011;
Original page
Keywords: organization | alignment | speed of change | economic volatility | market shift | Total Quality Management | Business Reprocess Engineering | living systems | chaos | evolution | fifth discipline | learning organization | system thinking
ABSTRACT
For the last several decades, organizations have dealt with economic shifts using change management. Based on the new science, there are two major flaws with this approach. First, the word change implies an event with an ending. Second, it implies that change can be managed. In a world of economic volatility, this approach is no longer viable. The continuous climate of uncertainty and volatility demands another view, one that supports adaptability and resilience.
Journal: Business Systems Research
ISSN 1847-8344
Volume: 2;
Issue: 2;
Start page: 4;
Date: 2011;
Original page
Keywords: organization | alignment | speed of change | economic volatility | market shift | Total Quality Management | Business Reprocess Engineering | living systems | chaos | evolution | fifth discipline | learning organization | system thinking
ABSTRACT
For the last several decades, organizations have dealt with economic shifts using change management. Based on the new science, there are two major flaws with this approach. First, the word change implies an event with an ending. Second, it implies that change can be managed. In a world of economic volatility, this approach is no longer viable. The continuous climate of uncertainty and volatility demands another view, one that supports adaptability and resilience.
