Final answer:
A high-performance organization describes a company where all various elements such as technology, structure, and people synergize to create a competitive edge. These organizations must navigate changes in technology and the global economy and sometimes undergo mergers and acquisitions as part of their strategy.
Step-by-step explanation:
The term that refers to an organization in which technology, organizational structure, people, and processes all work together seamlessly to give an organization an advantage in the competitive environment is a high-performance organization. In today's rapidly changing workplace influenced by shifts in technology, economics, globalization, and demographics, organizations increasingly turn to team-based structures that leverage diverse skills, experiences, and expertise. However, the creation of high-performance teams does not guarantee increased productivity; it depends on effective collaboration and alignment with the organization's overall goals. With shifts in workplace dynamics, companies also explore strategies such as downsizing, mergers, and acquisitions to adapt and thrive in the competitive landscape.