the New Economy
Knowledge ‒ intellectual capital
as a strategic factor
Change ‒ continuous, rapid and
complex; generates uncertainty and reduces predictability
Globalization ‒ in R&D,
technology, production, trade, finance, communication and
information, which has resulted in opening of economies, global
hypercompetition and interdependency of business...
Anything that can be changed will be
changed until there is no time left to change anything.
Feather and down are padding, changes and contingencies will be real
A change freeze is like the abominable snowman: it is a myth and
would anyway melt when heat is applied...
"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.
5 Strategic Questions
Why Change Management?
"The future is coming so fast, we can't possibly predict it;
we can only learn
to respond quickly."
~ Steven Kerr
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
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
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.
are going to withstand relentless and constantly growing global
competition, you need to
be different and
radically change the way of doing business. You need to
create a new management model,
management to leadership, manage
build trust, drive
out fear of failure 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...
to anticipate that which is likely to occur in the nearest or remote
future gives you an edge over others who simply go along with whatever
Discontinuities of the
rapidly changing economy offer unlimited
those who can grasp them. For truly
adaptive firms, a rapidly
changing environment becomes a
Understand that change in never over. See your
organization as a
winning team of rafters that strives to win a race in white waters of a
rough river. Embark on your brave 'Change Management' boat and
ride the waves of change that
come relentlessly from different directions in
Change Before You
Deal with change in a
manner. Success in business doesn't come from feeling comfortable. In
today's technology-driven world, business life cycles have accelerated
exponentially. The challenge is to keep a step ahead of changing market
conditions, new technologies and human resources issues...
A Clue to Successful Change
If you wish to manage change effectively, you
need to understand that the way people behave is a
balancing act – they
balance the forces that act upon them. Some of these forces are trying to
get people to change their behavior and others are trying to restrain or
limit that change.
Look at your own experience: at times you've fought
against change and there have been circumstances where you've accepted it
willingly and with enthusiasm.
"When you've accepted change it was usually
because you believed that what was to come was more attractive and
interesting than what you had. This gives you a clue to how you can manage
change successfully," says Phil Baguley, the author of
Why Change Fails:
8 Common Errors
Create Change for
opportunities, but only for those who recognize and seize
Yet, discovering and seizing an opportunity is not enough. You must
experiment with various options, ask
adapt strategies and
keep innovating this way. Simulation games, such as
Innovation Football, are to help you prepare to win and
the initially desired results...
When choosing between evolutionary change and
revolutionary action, you as a
leader must pursue a
and pragmatic approach...
Managing Evolutionary Change
evolutionary changes are
led from behind
and managed by small steps...
Motivate Employees to
You have a choice of instruments to
your people to
embrace change. Performance-incentive
levers are especially useful in driving those who lack direction or
initiative. You may also encourage employee
on where and how the company can take corrective action and
employees for their contribution...
Overcome Resistance to Change:
Kore 10 Tips
Keep People In The Know
MAKE decision, NAKE decision.
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
vs. Revolutionary Action...
Change With Yourself...
Understanding What's Going On in the Real World...
Non-financial Barriers to Change...
Internal and External Sources of Changes...
Resistance to Change...
Viewing Your Business
with an Outsider's Eyes...
Creating Change: Twin Strategies...
Creating Change: Steps to Establishing a New Balance...
How To Ask Searching Questions...
Corporate Guiding Principles...
Tips for Setting and
Communicating the Vision...
Beer's Formula for
Sustainable Ability to
Real Time Business Development...
Manage Change through Projects...