Lesson 4 part 3 Flashcards
The process by which a company undergoes a transformation in its structure, strategies, processes, culture, or operations to adapt to internal or external factors.
Organizational change
Change is to improve performance, remain competitive, and achieve long-term success.
Organizational change
Microsoft shifted from a “know-it-all” culture to a “learn-it-all” culture, fostering collaboration, innovation, and a growth mindset to adapt to a rapidly changing tech landscape.
Microsoft Cultural Transformation
transformed from a DVD rental service to a leading streaming platform, investing in original content and leveraging data analytics to understand viewer preferences.
Netflix Business Model Chang
implemented a global restructuring plan to reduce costs, streamline operations, and focus on electric and autonomous vehicles, adapting to changing consumer demands and technological advanc
Ford’s Restructuring
IBM shifted from a hardware-focused company to a provider of software, services, and cloud computing to stay competitive.
Other Types of Organizational Chang
Strategic Change
Google restructured into a holding company, Alphabet Inc., to separate its core businesses from its experimental projects.
Structural Change
Toyota implemented the Toyota Production System (TPS) to enhance manufacturing efficiency and quality control.
Process Change
Starbucks revamped its customer experience and employee culture, emphasizing customer service and ethical sourcing.
Cultural Change
brought in new leadership under CEO Larry Culp to drive turnaround efforts and cultural change.
People-Centric Change
