The concept of a “tech sector” is fast becoming outdated. In many ways the idea is already a relic of the past. And at the same time, the idea behind the tech sector is stronger than ever. The notion of technological prowess has been infused into all parts of the economy, cutting across all business sectors. From construction companies to equipment manufacturers to transportation companies, every company can be considered a tech company.
How Do You Start Changing – Using Change Management Plan as A Strategic Tool | Extraordinary Business
There is a process for translating change as an abstract thought into a management tool. This process has been recreated over the years as the needs of businesses have changed and evolved. However, there are still basic stages of change, once it’s actively engaged, which have remained consistent. The following is an outline of the change management process.
The Value of Change Management
Change is inevitable. It’s going to happen. Managing change enables businesses to transform profits by transforming the mindset of business owners and employees from that of victimization to one of empowerment. Quite simply, managing the change that happens to a business is the simplest strategic step to take. Change can be “managed” by being strategic, deciding what changes to make and how to make them within the existing organizational structure. What is special about taking a proactive, empowered approach to managing change is that change is done successfully. A successful change can be defined by the value it creates for the organization. Change management creates value by “addressing the people side of change” as businesses adjust to new organizational norms created by making decisions (Creasy, 2017).
Change Is Inevitable
Have you ever recognized a need to change something in your business but don’t know where to start? When your business is right at the cusp of growing beyond your control, do you wonder how to start adjusting to growth? Do you ever feel like you are constantly catching up with the rest of the business world or your customers? These are all common issues that can be solved by learning how to manage change in your business. This blog series will address some of the main ideas, solutions, tools, and strategies for adjusting to change. An overview of the upcoming series is below. We look forward to sharing it with you.