Today the Companies in the world are struggling to face the Organizational challenges thrown by global trends, organizations that undergoes a change in the business landscape, such as a structural or process change or the introduction of a new technology faces the challenges like growing competition for talent, economic activity shifting and developing business with inter networking organization.
A McKinsey Quarterly survey1 shows. “Although the challenges are manifold, two themes - how to move quickly and how to deal with geographic and regional diversity - emerge most frequently”.
In a survey conducted by McKinsey collected the opinions of lots of executives and two-third of the executives among them have no clarity of the changes needed to up come these and towering social and economic developments. Very interestingly half of the executives involved in the survey admit that their company have not got the right talent, around many confirms that there is no clue about who is accountable for dealing with such issue.
However ninety percent of the executives take a firm stand that Organizational change is mandatory, as a matter of fact very important to build and maintain competitive beneficiaries.