You will all agree that change has become an everyday phenomenon in today’s ever-changing and dynamic business context, we keep on hearing from all types of organizations, operating locally or globally, terminologies like ‘Transformation, Reengineering, Re-organization, and Restructuring’ etc. I will not be wrong in saying that all of these terminologies are, to some extent, used interchangeably with an intention to denote one common phenomenon i.e. ‘organizational change’.