Introduction- 

Organizational Development is an interdisciplinary field that aims to improve an organization’s capability and performance through structure, strategy, people, rewards, metrics and management process. The discipline is a cumulative interaction between social sciences, psychology, research analysis, human resource management, change management and many other disciplines.

There are various OD initiatives such as human process, techno-structural initiatives, human resource management and strategy. Capabilities enhancement is done through strategic phases: entry, diagnosis, feedback, solution, and evaluation. 

In other words, Organizational Development is a systematic and scientific approach towards developing an organization’s outlook, work style, culture and functioning.

The Necessity of Organizational Development-

The field is significant in shaping organizations from within as well as their interactions with the outside world. Studying this field will help enhance an organization’s capabilities, culture and perspective while dealing with the evolving world. Organizational Development is also required to optimize the available resources and profits through delivering efficient results in tune with the demands and expectations of the industry.

Its Advantages-

• Organizational Development will foster continuous improvement, better communication, product and service enhancement, increased profits, and many positive changes.
• The field will also contribute to navigating through the five stages of an organization, namely: birth, growth, maturity, decline, and revival.
• The field also contributes by effective use of the available resources, preventing the organization from misallocating resources and wastage. It will further contribute to creating more profit for the organization.

Conclusion-

Organizational Development as a field of study complements and contributes to business by helping create extraordinary organizations that are self-sufficient, aware of their flaws and expertise and have an adaptive conscience. By considering various disciplines like psychology and human resource management, OD provides a holistic critique and resolutions for creating a better version, the best, of an organization.