Significance of Organization Development for a successful business

Organization Development is all about changing beliefs, values as well as the structure of an organization in order to adapt new technologies and challenges. It bears great significance in the overall success of any business as it brings in some positive changes which results in more productivity. This entire process has a constructive outcome on the profitability of the organization. Apart from an increased profitability, it also leads to reduced turnovers and more work satisfaction. These are the reasons that today growing numbers of companies are realizing the importance of Organization Development and thus looking forward to implement this process.