The concept in which organizations adapt to new conditions or alter their practices over time is called— options organizational learning organizational change continuous improvement re-engineering

The answer would be : Organizational Change
Organizational change refer to a company's transition to move into a more desired future. One of the factors that could determine company's survivebility is the company's capabilities to adapt to changes that happen in the markets. Often time, the company have to adjust is policy in order to fulfill market's demand