Halkos, George (2012): Importance and influence of organizational changes on companies and their employees.
Download (642kB) | Preview
The timely and continuing adaptation of companies to the rapid changes in the market is a prerequisite to survival and growth. Simultaneously, the smooth adaptation of employees to changes contributes not only to the improved running of organizations but also to their personal improvement and enhanced satisfaction. The need for change requires the adaptability of organizations and enterprises, the redesigning of the organizational models, continuing reconstruction, learning processes and employees training. In this study we investigate the effects of organizational change, the reactions of employees and the results of change management on productivity. For this purpose a random sample of 355 employees in the private and public sectors and two stage cluster sampling is first used to collect primary data. Logistic Regression is used to explore many useful and supportive elements concerning the function of changes on stress and productivity. We find that change leads to increased stress but when the necessity and utility of change is understood it then leads to increased productivity. The good relations between leadership and employees offer the latter considerable advantages as well as a feeling of security. Once the change is announced, there is a negative effect on productivity and job satisfaction declines. When the change begins to work, we have increased productivity and reduced stress.
|Item Type:||MPRA Paper|
|Original Title:||Importance and influence of organizational changes on companies and their employees|
|Keywords:||Organizational changes; stress; productivity; logistic regression|
|Subjects:||J - Labor and Demographic Economics > J0 - General > J08 - Labor Economics Policies
J - Labor and Demographic Economics > J8 - Labor Standards: National and International > J81 - Working Conditions
J - Labor and Demographic Economics > J0 - General > J01 - Labor Economics: General
M - Business Administration and Business Economics; Marketing; Accounting > M1 - Business Administration > M12 - Personnel Management; Executive Compensation
M - Business Administration and Business Economics; Marketing; Accounting > M5 - Personnel Economics > M54 - Labor Management
M - Business Administration and Business Economics; Marketing; Accounting > M5 - Personnel Economics > M50 - General
|Depositing User:||G.E. Halkos|
|Date Deposited:||21. Feb 2012 11:34|
|Last Modified:||12. Feb 2013 20:40|
Akerlof G. (1982). Labour contracts as a partial gift exchange. Quarterly Journal of Economics, 97: 543-569.
Akerlof G. and Yellen J. (1986). Efficiency wage models of the labour market. Cambridge: Cambridge University Press.
Aswath D., Kose J. (1997). The determinants of organizational form changes: evidence and implications from real estate, Journal of Financial Economics 45: 169-192.
Baker G., Wruck K. (1989). Organizational Changes and Value Creation in Leveraged Boyouts, Journal of Financial Economics, 25: 163-190.
Barr P., Stimpert J., Huff A. (1992). Cognitive Change, Strategic Action, and Organizational Renewal, Strategic Management Journal, 13: 15-36.
Bertscherk I., Kaiser U. (2004). Productivity Effects of Organizational Change: Microeconometric Evidence, Management Science, 50(3): 394-404.
Brynjolfsson E., Hitt L. (2000). Beyond Computation: Information Technology, Organizational Transformation and Business Performance, Journal of Economic Perspectives 14(4): 23-48.
Choi TY. (1995). Conceptualizing Continuous Improvement: Implications for Organizational Change, Omega, 23(6): 607-624.
Collett D. (1991). Modeling binary data, Chapman and Hall, London
D’ Aunno T., Succi M., Alexander J. (2000). The Role of Institutional and Market Forces in Divergent Organizational Change, Administrative Science Quarterly, 45(4): 679-703.
Drucker F. P. (2000). Management challenges for the 21st century. Harper Athens: Leader Books (in Greek).
Festinger (1954). A theory of social comparison processes, Human Relations, 7: 117-140
Forte M., Hoffman J., Lamont B., Brockmann E. (2000). Organizational Form and Environment: An Analysis of Between-Form and Within-Form Responses to Environmental Change, Strategic Management Journal, 21: 753-773.
Greiner L. (1967). Patterns of Organization Change. Boston: Harvard Business Review.
Hair JF, Anderson RE, Tatham RL and Black WC. (1998). Multivariate data analysis, Prentice Hall, Fifth Edition
Halkos, G.E. (2011). Econometrics: Theory and Practice. Gutenberg Publications, Athens.
Hosmer DW and Lemeshow S. (1989). Applied logistic regression, John Wiley and Sons, New York
Kleinbaum DG. (1994). Logistic regression: A self learning text, Springer-Verlag, New York.
Kleinbaum DG. and Kupper LL., Muller KE. and Nizam A. (1999). Applied regression analysis and other multivariate techniques, Duxbury, Third Edition.
Kotter J. (1995). Leading change. Boston: Harvard Business School Press.
Leavitt H. (1965). Applied Organizational Changes in industry: structural, technological and humanistic approaches. Handbook of organizations, Chicago: Rand Mc Nally.
Lewin K. (1951). Field theory in social science. Νew Υork: Harper and Row.
Liberatore M., Hatchuel A., Weil B., Stylianou A. (2000). An organizational change perspective on the value of modeling, European Journal of Operational Research, 125: 184-194.
Liu Y., Perrewe P. (2005). Another look at the role of emotion in the organizational change: A process model, Human Resource Management Review, 15:. 263-280.
Mintzberg H., Westley F. (1992). Cycles of Organizational Change, Strategic Management Journal, 13: 39-59.
Oxtoby B., McGuiness T., Morgan R. (2002). Developing Organisational Change Capability, European Management Journal, 20(3): 310-320.
Piva M., Santarelli E., Vivarelli M. (2006). Technological and Organizational Changes as Determinants of the Skill Bias: Evidence from the Italian Machinery Industry, Managerial and Decision Economics, 27: 63-73.
Sharma S.(1996). Applied Multivariate Techniques. New York: J. Willey & Sons Inc.
Stiglitz J.E. (1984). Theories of wage rigidity, paper presented to the centre for labor Economics. London School of Economics.
Sun H., Gertsen F. (1995). Organizational changes related to advanced manufacturing technology in the production area, International Journal of Production Economics, 41: 369-375.
Yvrande-Billon A., Menard C. (2005). Institutional constraints and organizational changes: the case of the British rail reform, Journal of Economic Behavior & Organization, 56: 675-699.
Zhou K-Z., Tse D., Li J-J. (2006). Organizational changes in emerging economies: drivers and consequences, Journal of International Business Studies, 37: 248-263.