Effect of Strategic Change and Adaptation on Organizational Performance A Comprehensive Literature Review

Abstract

Abstract Since they enable businesses to stay relevant and competitive in a dynamic business environment, strategic change and adaptation are crucial to organizational performance. This seminar review looks into how strategic change and adaptability affected organizational performance. Theoretical and empirical aspects of strategic change and adaptation are addressed in this paper. 28 articles that were systematically selected from various data base journals were reviewed using the compressive literature review method. According to the study's findings, anticipating strategic change and how to adapt it is essential for surviving in a fast-paced economic and technological environment. There are a number of factors that influnce strategic change and adaptation, but the external environment and external factors have the biggest impact on these two processes and ultimately on organizational performance. The findings of the study motivated the investigator to identify both theoretical and empirical implications. Also, a conceptual framework based on theoretical and empirical perspectives was developed with the aim to advance knowledge and build concepts in strategic change and adaptation.