Organisation Theories Theories of Change and Change Management Essay

Organisation Theories Theories of Change and Change Management - Essay Example The dynamic nature of the modern business environment has also necessitated the rise of theories of organizational change and change management, to guide businesses as they seek to transform their operations from the initial methods of management to the new and more efficient ones. The theories of change and change management have also become relevant in guiding businesses during transitioning to different locations. The success of any organization depends on how well the organization is able to manage change in order to refocus its operations to suit the existing business environment, as well as the expected future changes in the business environment. The relevance of organizational theories to businesses is that they do not only help organizations to plan and strategize for success but also guide the organizations on how they should allocate resources optimally (Sharma, 2007). The early organizational theories were highly bureaucratic, but the ever dynamic business environment has resulted in the creation of more multidimensional organizational theories and theories of change management. This discussion seeks to establish how organization theories and theories of change and change management can help Wates Group Construction company understand and influence its environment for success. Wates Group Construction Company incurred a profit loss of 48% in 2012 arising from its restructuring reforms and changes in the business environment in the UK construction industry (Hurst, 2013).