Managing Change in Third Sector Organization during Recession

Managing Change In Third Sector Organization During Recession

Introduction

Managing change, restructuring, the reorganizing of a business to improve company performance, has become more common as competitive pressures have increased in the global market. To gain control over management in times of recession, a bootstrapping process is required. Recession brings rough images in most people's minds. Visions of layoffs, family hardships, and red ink spreading over corporate profit graphs generate concern on the part of business and family people alike. Many firms are suffering from decreased sales. Many industries have begun laying off workers in anticipation of worse times to come. Usually present recession may be significantly different from previous recessions and may be much more complex to handle for those who do not comprehend the current business and world milieu.

Hypothesis

Third sector organizations are adversely affected from the recession, thus there is a strong need to manage the change at regional and national level.

Reason of Choosing this Topic

The reason of choosing this topic is due to the fact that bringing change in an organization is an essential element for the organization to move towards success. Introducing change to an organization can be difficult and managers need to gain the support and commitment of their colleagues and employees to ensure that change is managed effectively and business continues as usual with as little disruption as possible. Failure to do this can result in a loss of talented employees, a loss of credibility and a loss of the organization market position.

Research Questions

This study was intended to explain recession and its impact on third sector organizations and specifically managing change in third sector organizations during recession. Cresswell observed that because qualitative research is built from the “ground up” (p. 19) and is not “handed down entirely from a theory” (p. 19) that the research questions might requirement to change during the course of the study to understand the research problem (Kanter, 2003). To fully explore this topic, the following questions were derived:

How recession affects the organizations?

What are the impacts of recession on third sector organization?

How managing change is conducted in third sector organizations during recession?

How third sector organizations respond to challenges of recession?

What measures third sector organizations shall take to avoid problems derived from recession in future?

Rationale of the Study

This study highlights many issues related to recession that are faced specifically by third sector organizations. Further, it gives a broad analysis of managing change in third sector organizations in times of crisis in the economy. In recent years, this has been the much discussed topic and it needs to combat the challenges, as third sector organizations have been facing several challenges.

Aims and Objectives

The main aims and objectives of this study will be:

To analyze the scenario in recession

To examine different effects of recession on third sector organizations

To find out ways to overcome the adverse affects of recession on third sector organizations

Background

The recession affect on the third sector organizations is well documented. Low level of financial support at ...