Internal and External Factors that necessitate change at ZADCO
In the case of ZADCO, the company has faced numerous challenges that are external in nature. It also faces stiff competition from companies in oil production both in the state and other states also from other countries that produce oil (Burke, 2002). Due to stiff competition, there has been political interference in the company’s operations as many restrictions and operations are imposed on oil production. The existence of national domestic companies like Abu Dhabi National Oil Company only complicate the nature of competition. Also, the company faces international competition from countries in oil production struggling with large market share to guarantee a stable market for their oil products (Burke, 2002). The rapid technology advance also poses a great challenge to the company since it requires sufficient resources in order to invest in latest technology applied in transport, marketing and production of oil. Economic instability in the country as well as the international system leads to arbitrary oil price changes forcing the company to cushion its products from irregular international prices. Following rapid technology changes, ZADCO can initiate development and organizational training programs in order to improve employee effectiveness.
Impact of Change
This will equip the company with the knowledge and skills needed in their area of expertise (Poole & Van, 2004). It results to increased performance since the company needs to exploit the potential of its workforce. In order to enjoy the leading position in production of oil, the company is supposed to direct additional finances to developing potential oil fields and research. This will open the doorway to sustained oil production as well as increase revenues. The organization is also supposed to opt for team-building programs so as to boost interpersonal relationships between the employees. This is ideal if the company partners with other companies like the Abu Dhabi National Oil Company.
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Get Help Now!Main Factors Involved in the Change Process
Rapid technology advance has contributed to production of high quality oil and products. ZADCO requires heavy investment in equipment and tools in order to produce quality products. Increased machine usage in prod…………………
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