DPR3705
Assignment 2 Semester 2 2024
Detailed Solutions, References & Explanations
Unique number:
Due Date: 27 September 2024
ACTIVITY 1
3.1 Define the concept of Strategic Change
Strategic change refers to the process of altering the direction, goals, or operational tactics of an
organization to adapt to new market conditions, technological advancements, or shifts in the
competitive landscape. It is a proactive or reactive approach taken by an organization to ensure
long-term success and sustainability. Strategic change often involves restructuring, redefining
business objectives, or implementing new strategies to improve efficiency, competitiveness, and
profitability. This process can be influenced by both internal and external factors, including changes
in leadership, evolving customer demands, and industry disruptions. Strategic change is essential
for organizations to remain relevant and competitive in a rapidly evolving global marketplace. It
requires careful planning, strong leadership, and effective communication to ensure that all
stakeholders understand the reasons for change and are aligned with the new strategic vision. The
successful implementation of strategic change is crucial for an organization’s growth, innovation,
and long-term survival.
Terms of use
By making use of this document you agree to:
• Use this document as a guide for learning, comparison and reference purpose,
• Not to duplicate, reproduce and/or misrepresent the contents of this document as your own work,
• Fully accept the consequences should you plagiarise or misuse this document.
Disclaimer
Extreme care has been used to create this document, however the contents are provided “as is” without
any representations or warranties, express or implied. The author assumes no liability as a result of
reliance and use of the contents of this document. This document is to be used for comparison, research
and reference purposes ONLY. No part of this document may be reproduced, resold or transmitted in any
form or by any means.