Briefly describe and discuss the factors which triggers for change in an organisation, and explain how an organisation can create an environment for dealing with change?

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Factors Triggering Change in an Organization:

1. External Market Forces:
Changes in the external market, such as shifts in consumer preferences, technological advancements, competitive pressures, and economic fluctuations, can trigger the need for organizational change. Adapting to these market forces is essential for maintaining competitiveness and relevance.

2. Technological Advancements:
Rapid technological advancements and innovations can disrupt industries and business models. Organizations need to embrace technological change to stay ahead and leverage new opportunities.

3. Globalization:
Globalization opens up new markets and brings increased competition. Organizations may need to change their strategies, operations, and supply chains to tap into global opportunities effectively.

4. Regulatory and Legal Changes:
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Degree : MASTER DEGREE PROGRAMMES
Course Name : Master in Business Administration
Course Code : MBA
Subject Name : Managing Change in Organisations
Subject Code : MS 25
Year : 2023