George Soros The Epistemic Factors Of Organizational Change

Let us discuss these features in little bit detail. ‘The Complexity Factor’ Management of an organizational change happens in a background that is exceptionally complex. Because, it is observed that creating a dynamic multi-dimensional sphere where complete understanding of all the factors involved is next to impossible. There are a various of theoretical reasons for this: Fundamental systemic nature: The systemic, socio economic and political context within which they operate is characterized by a large number of factors and by multiple connections. These systemic features often harvest such negative behavior and make it very difficult for change managers to implement change. Reflexivity: Yet another type of uncertainty relates to the fact that managers are naturally "participants-observers." They are actors in the very situation they attempt to understand and control. The financier, George Soros, for example, who coined the term “reflexivity,” has recognized this particular characteristic with respect to the behavior of markets where participants' views impact market behavior only to be influenced, in turn, by market events.
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‘The Epistemic Factor’ is another set

This evidence, representing a central understanding of early sciences, has a number of noteworthy implications for managing change. First and foremost is the fundamental concept that a behavior different from an existing one would require a different fundamental structure. Many change efforts fail to produce desired results, since, while statements about the need for change are made the structure, the architecture of the system in question is left untouched. Organizational design and the design of alternative structures should always, accordingly, be a central component in managing