Dynamic Stability
To keep up with today's volatile marketplace, an organization should be able to adapt to its environment so that it is able to stay competitive. In order to accomplish the often times difficult task of continuous growth, in all its facets an organization has to plan and be prepared to change in the ever evolving business world.
Changes have been documented to have caused organization chaos, initiative overload and in some instances, complete collapse of organizational structure. One option to overcome the uncertainty of organizational changes is to develop a plan that implements the concept of Dynamic Stability. Dynamic stability could be defined as continual but relatively small change efforts that involve reconfiguration of existing practices and business models rather than inventing new ones. An organization will be able to achieve dynamic stability more easily through establishing the concept of tinkering, kludging and pacing. The practice of tinkering involves finding new......
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Approximate Word Count: 451
Approximate Pages: 2 (250 words per double-spaced page)
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