In today's world, organisations are very different compared to those in earlier times due to competitive pressures and technological breakthroughs. Organisations of today are leaner, agile, customer-centric, more tuned to dynamic competitive requirements, less hierarchical in structure, and continually reorganising to gain competitive advantage.
The changing nature of modern business
The changing nature of modern work organisations is due to globalisation, more customer-focused markets, the fast spread of information technology, and worldwide competition. The modern work organisation is more flexible and the social, economical, and legal factors have changed the concept of corporate social responsibilities (CSR) and business morals.
An organisation must develop adaptability to change, otherwise, it will be either left behind or become extinct with time.

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