All organisations will encounter change. If your organisation is at its peak, you will need the tools to retain your competitive edge. If your organisation has room to grow, you will want to address this and seize the opportunities. Either way, changes need to happen for your organisation to evolve and be at its best.
Changes can also occur to a company’s structure, either as a result of a merger, acquisition, downsizing or takeover, resulting in changes to the composition of the team or board. Outlooks, objectives and strategies might also change for the organisation to remain current and competitive.
All changes, no matter how subtle or dramatic, have a significant impact on the stability of a firm as employees throughout the organisation adjust to the new structure, culture or working environment.