Organizational Change of Intel
Throughout the years organizations have had to makes changes due to the ever changing world of business. With globalization taking place and the advancement of technology in order to stay competitive business have had to keep up with changes or get left behind. "Historically, our industrial wealth has been built on the exploitation and depletion of our natural resources"?. However, with the recent technological advances and increases in global developments the very foundation of the economy is changing. "Rather than raw materials or physical assets, knowledge is now hailed as the new source of wealth and the basis for competitive advantage. But to leverage knowledge assets, we must fundamentally transform the way we organize and use this most human of resources" (Lancourt & Savage, 1995). Following, this paper will discuss the Intel Corporation, a company that has made this change in recent years.
For many years under the direction of founder and former CEO Andrew Grove the Intel Corporation has thrived. However, what worked for many years under Groves era may not work for the coming years and new CEO, Paul Otellini, knows this and decided to make a change in the Intel Corporation. In January 2006 Otellini made his announcement telling company execs and employees of Intel that change was coming. Not only change in product and marketing but change in the culture of Intel. According to an article in BusinessWeek, this change created angst among some employees and has lessened employee morale throughout many of the engineering teams. Under Grove's command Intel had a more traditional model where the company was considered a "rough-and-tumble" place. Grove's motto was "Only the paranoid survive," ...