Changes in the present industrial scenario have contributed to changes in the structure and functioning of the
organizations. Organizations have been focusing on changes in the structure resulting in flatter organizations. The
results of various studies show that large organizations have changed their shapes dramatically, reducing layers of
hierarchy, dispersing authority and decision making, and adopting a variety of practices associated with knowledge sharing, quality improvement and information technology. Further, it is inferred that organizational change is the
basis of competitive advantage for organizations.