• Summary
  • Contents
  • Subject index

In this book, Lex Donaldson, one of the leading scholars in the field of organization theory, introduces a compelling theory of performance-driven organizational change, Organizational Portfolio Theory. In explaining why organizations change and also why they fail to change, the theory reconceptualizes the organization as a portfolio with a number of different causes of organizational performance varying over time. The author argues that without a performance crisis there is a good chance that necessary organizational changes will not be forthcoming, and that moreover, the adaptive change induced by the crisis creates the capacity for fresh organizational growth.

The Business Cycle and Organizational Change
The business cycle and organizational change

One premise of this book is that contemporary organizational theory can be enriched by making it more dynamic. One of the major movements in the economic environment of organizations is the business cycle. This has been largely neglected by organization theorists to date. Yet the movements of the business cycle powerfully condition the changes that occur within the organization. Thus an analysis of the interaction between business cycles and organizational change is required. This is revealed to be an interaction between two cycles, one in the external economy and the other inside the organization. The point of connection of the two cycles is the performance of the organization, which is consistent with our theme ...

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