Running Head: FOUNDATIONS OF CHANGEFoundations of ChangeNameInstitution1FOUNDATIONS OF CHANGE2Foundations of ChangePerpetual progress and change characterize the contemporary world. The lives of peoplecontinuously change, which leads to a shift in their demands and expectations. Companies thatsucceed in the modern business environment are those that adapt to the various shifts andchanges in the market. Furthermore, determining whether a particular organization needs changerequires an evaluation of several factors including employees' performance, new technology,competitors' performance, and new opportunities.Unsatisfactory performance by employees is one of the main determinants of the need forchange in an organization. Corporations set objectives, and from time to time, they evaluate theirperformance based on the goals that they set. One of the reasons not meeting these objectivesmay be underperformance by some of the employees, indicating the need for change.Furthermore, emerging technologies present an opportunity for organizations to conduct theiroperations differently. Such technologies may include changes in production methods ormaterials, and better ...
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