Strategic Change: Definition, Steps and Examples
https://www.indeed.com/career-advice/career-development/strategic-change
Organizations implement strategic changes to their business to help achieve goals or boost their competitive advantage in their market. By understanding this concept, you can learn when to implement … See more Example 1 A car manufacturer notices that its top competitor has begun selling electric models. The company determines that to stay competitive, it must also begin offering electri… Restructuring In some situations, organizations may need to reorganize aspects of their company to remain competitive. This pr… Reengineering 1. Determine the need for change When pursuing strategic change, an organization must identify what must change. In some situations, the necessa… 2. Perform a stakeholder analysis
Example 1
A car manufacturer notices that its top competitor has begun selling electric models. The company determines that to stay competitive, it must also begin offering electri…
Restructuring
In some situations, organizations may need to reorganize aspects of their company to remain competitive. This pr…
Reengineering
1. Determine the need for change
When pursuing strategic change, an organization must identify what must change. In some situations, the necessa…
2. Perform a stakeholder analysis
DA: 82 PA: 91 MOZ Rank: 40