Some people built companies for profit, some built companies for serving people but only few can build companies which serve both the purpose profit and people. Companies which achieve success in both the aspects are able to sustain for a long time. Biggest examples are the fortune 500 companies, when we study any of the fortune 500 companies it tries to get the best results for its profits in terms of achieving the targets and providing the best people practices for its employees. But all cannot survive for long. Why?
Reports say that since 1955 to 2015 only 12% of the fortune 500 companies remain and rest are out of the league. What are the probable reasons for this?
The world of creative destruction!!!
The effect of such destruction is constant changes in the structure, processes, people, profits and many more. Organizations not only is effected internally but externally by quick changes in the technology, environment, competitors which is restricting organizations to achieve the success that they used to achieve 5-6 years ago. Organizations need to be really quick in what actions they want to take for these issues. What can be the probable solutions to these problems?
Organization Development Initiatives!!!
Organization Development helps organization realise its capacity by taking up some exercises which help them think what are their current strength and weaknesses and what opportunities and threats are going to affect them in future and help them to take actions as per the situations and plan for their future.
OD initiatives acts as an answer to various people, productivity and profits related problems which is why organization is made for.
