Organizational equilibrium refers to a state of balance and stability within an organization, where its various components such as resources, people, culture, and goals are aligned and working in harmony to ensure effective and efficient functioning.
Achieving organizational equilibrium requires constant adaptation and adjustment to the internal and external environment. The organization must be able to identify and address any imbalances or conflicts that may arise and make necessary changes to its strategies and structures. For instance, if the organization is undergoing rapid growth, it may need to hire more staff, introduce new policies and procedures, and invest in new technologies to maintain its equilibrium.
Get the full solved assignment PDF of BPAC 131 of 2022-23 session now. Click here to download and guarantee top marks! Plus, browse our store for solved assignments of all IGNOU courses.
Sustaining organizational equilibrium is crucial for the long-term success and sustainability of the organization. It enables the organization to meet the needs of its stakeholders, including customers, employees, and shareholders, and respond to market conditions and competition effectively.
In summary, organizational equilibrium is the foundation for the smooth functioning of an organization, and it requires continuous effort and adaptation to maintain.