structural change
Structural change refers to significant shifts in the way an economy or organization operates. This can involve changes in the industries that dominate the economy, such as a move from manufacturing to services, or alterations in the workforce, like increased automation. These changes can impact employment patterns, productivity, and overall economic growth.
In addition to economic contexts, structural change can also occur within organizations. For example, a company may restructure its management hierarchy or adopt new technologies to improve efficiency. Such changes are often necessary to adapt to evolving market conditions or to enhance competitiveness in a global environment.