By: Vadim Kotelnikov, Founder, Ten3 Business e-Coach Inspiration and Innovation Unlimited, 1000ventures.com, 1000advices.com
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"The future is coming so fast, we can't possibly predict it; we can only learn to respond quickly." Steven Kerr |
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Three Types of Business Managers7
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If you
want to be among the first small group who makes things happen, you
must learn how to
recognize trends,
and
move with speed
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Change Defined "Change is the window through which the future enters your life." It's all around you, in many types and shapes. You can bring it about yourself or it can come in ways Balanced Organization: 5 Basic Elements Leadership (Fire):
Why Change Management? You can bring the change about yourself or it can come in ways that give you little choice about its what, when, and how. Fighting against change slow it down or divert it, but it won't stop it however. If you wish to succeed in this rapidly changing new world "you must learn to look on change as a friend one who presents you with an opportunity for growth and improvement."9 The rate of change in today's world is constantly increasing. Everything that exists is getting old, wearing out and should be replaced. "Revolutionary technologies, consolidation, well-funded new competition, unpredictable customers, and a quickening in the pace of change hurled unfamiliar conditions at management."7 Today's World Realities The magnitude of today's environmental, competitive, and global market change is unprecedented. It's a very interesting and exciting world, but it's also volatile and chaotic:
To cope with an unpredictable world you must build an enormous amount of flexibility into your organization. While you cannot predict the future, you can get a handle on trends, which is a way to take advantage of change and convert risks into opportunities. Harnessing the Power of Change One of the keys to dealing with change is understanding that change in never over. "Change brings opportunity to those who can grasp it, and the discontinuities of the new economy offer unlimited opportunities."13
New Survival Strategies In today's tidal wave of global economic, technological, and social change, that name of the game for you and your organization is survival. If you are going to withstand relentless and constantly growing global competition, you need to be different and radically change the way of doing business. You have to give up the old hierarchical, adversarial approach which wastes individual talents and saps energy in unproductive conflict. Instead you need to create a new management model, switch from management to leadership, manage change, build trust, drive out fear of failure and and create productive partnerships in which everyone can offer their unique knowledge and talents. If you know how to help your organization to do this, you can make a decisive difference. Leaders: Pursue opportunities. Managers: Reduce risk. ► Resulting synergy: Strategic achievement... More
Risk Management Strategy: "You never change something by fighting the existing reality. To change something, build a new model that makes the existing model obsolete." Buckminster Fuller... MoreEvolutionary Change vs. Revolutionary Action How you change a business unit to adapt to shifting economy and markets is a matter of management style. Evolutionary change, that involves setting direction, allocating responsibilities, and establishing reasonable timelines for achieving objectives, is relatively painless. However, it is rarely fast enough or comprehensive enough to move ahead of the curve in an evolving world where stakes are high, and the response time is short. When faced with market-driven urgency, abrupt and sometimes disruptive change, such as dramatic downsizing or reengineering, may be required to keep the company competitive. In situations when timing is critical to success, and companies must get more efficient and productive rapidly, revolutionary change is demanded. When choosing between evolutionary change and revolutionary action, a leader must pursue a balanced and pragmatic approach. Swinging too far to revolutionary extreme may create "an organizational culture that is so impatient, and so focused on change, that it fails to give new initiatives and new personnel time to take root, stabilize, and grow. What's more, it creates a high-tension environment that intimidates rather than nurtures people, leaving them with little or no emotional investment in the company."4 A Leader's Mood: The Dimmer Switch of Performance
Manage the Emotions of Change. Be particularly mindful of how you
manage emotions
Strategies for Leading Breakthroughs So what separates extraordinary leaders from proponents of the status quo? They break the rules. Except, not in an arbitrary or capricious way. When you look at examples of extraordinary leadership, like the Founding Fathers of the United States or Jack Welch of GE, certain practices or principles become apparent. To start, there is a declaration of what the future will be. There is also a purpose, something to stand for. And finally, there is a clearly articulated commitment... More Keep People In The Know "Transformational leaders empower others by keeping them "in the know," by keeping them fully informed on everything that effects their jobs," says Brian Tracy. "People want and need to feel that they are insiders, that they are aware of everything that is going on. There is nothing so demoralizing to a staff member than to be kept in the dark about their work and what is going on in the company."... More
Start Change With Yourself... Understanding What's Going On in the Real World... Systems Thinking... Non-financial Barriers to Change... A Clue to Successful Change Management... Change and Leadership... Internal and External Sources of Changes... Anticipate Change... Five Drivers of Change... Manage Resistance to Change... Change Management Is Not Problem Solving... Change Before You Have To... Strategic Change Management... Viewing Your Business with an Outsider's Eyes... 80/20 Thinking... Create Change for Competitive Advantage... Creating Change: Twin Strategies... Creating Change: Steps to Establishing a New Balance... How To Ask Searching Questions... Lead Change... Methods for Dealing with Resistance to Change... Make Quick Decisions... Create Corporate Guiding Principles... Manage Organizational Change... Motivate Employees to Embrace Change... Lead Behavioral Change... Tips for Setting and Communicating the Vision... Beer's Formula for Leading Change... Sustainable Ability to Change... Real Time Business Development... Manage Change through Projects... Case Study General Electric (GE)...
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