Module 05: Critical Thinking - MGT 521

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Business Finance

Description

Organizational Change (100 points)

Directions:

Choose an organization at which you are currently working or a Middle Eastern organization with which you are familiar. (If neither is possible, conduct an internet search to identify an organization, preferably based in the Middle East, which has gone through a transformation process within the last one to two years.) Then, define the following:

  • Provide a brief summary of the organization (its culture, its industry, its product and services).
  • Explain why a change was needed.
  • Explain the change that was undertaken.
  • Identify the outcome of the change in terms of success, failures, cultural outcomes, and human resource changes.

Your well-written paper should meet the following requirements:

  • Be 4-5 pages in length, which does not include the title page, abstract, or required reference page, which are never a part of the content minimum requirements.
  • Use Saudi Electronic University academic writing standards and APA style guidelines.
  • Support your submission with course material concepts, principles and theories from the textbook, and at least three scholarly, peer-reviewed journal articles.
  • It is strongly encouraged that you submit all assignments into the Turnitin Originality Check prior to submitting it to your instructor for grading. If you are unsure how to submit an assignment into the Originality Check tool, review the Turnitin Originality Check – Student Guide for step-by-step instructions.
  • Review the grading rubric to see how you will be graded for this assignment.

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Explanation & Answer

Attached.

Running Head: ORGANIZATION CHANGE

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Organizational Change
Name
Course
Tutor
Date

ORGANIZATIONAL CHANGE

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Organizational Change
SABIC which is short for Saudi Basic Industries and corporation, it is a manufacturing
company based in Saudi Arabia, and it specializes in chemicals, fertilizers, metals and industrial
polymers. It was started in 1976, and its headquarters are in Riyadh, Saudi Arabia. The first
chairman of the company was known as Ghazi Abdul Rahman Al Gosaibi, who was the minister
of Industry and Electricity. The company is the most extensive public company in Saudi Arabia,
and this is according to Tadawul. The groups have its shares shared between the Saudi Arabia
government and private shareholders within the country. However, the government holds the
most significant percentage, of about 70%. Most of the individual shareholders are from the state
or nations of the Gulf Cooperation Council.
SABIC is at the top of the rankings of the most prominent chemical producers, and it has
been undergoing a series of changes, but the aim of the changes being to increase the companies'
innovation (Lyytinen, Newman, & Al-Muharfi, 2009). It was first started to change the oil byproducts into useful chemicals, fertilizers, and polymers. Due to its creation, the towns of Jubail
and Yanbu which were initially tiny...


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