Companies operate in an increasingly complex world: Business environments are more diverse, dynamic, and interconnected than ever – and far less predictable. A study suggests that 75% of the S&P 500 will turn over in the next 15 years.
Disruptive change is NOT around the corner – it’s here!
Many businesses that “have done things the same way for years” are affected by disruptive change: The economy changes, the competition changes, products change, technology changes, customers change, employees change, vendors change, buying methods change, delivery methods change etc.
Disruptive change is coming, and the only question is whether companies are going to cause it or fall victim to it. Disruption is not easy – either to create or to confront.
Businesses need to grow continuously in one way or another to achieve and maintain success. Growth comes by making positive changes that promote growth and by responding correctly to external changes.
Sustaining success depends on an organization’s ability to adapt
Why can some companies take advantage of any change the market brings, while others struggle with market-necessitated modification? The reasons why will differ for each organization, but the question is definitely worth asking – especially in light of the fact that the pace of change is accelerating at the fastest rate in recorded history.
Companies most likely to be successful in making change work to their advantage are the ones that no longer view change as a discrete event to be managed, but as a constant opportunity to evolve the business.
Organizations, and the people within them, must constantly re-invent themselves to remain competitive. Sustaining success depends on an organization’s ability to adapt to a changing environment.
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Disruptive change is inevitable – Change is constant — https://www.torbenrick.eu/t/r/djf
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Change management is obsolete - Change management is broken - Change management isn't applicable anymore.…