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Overcoming Inertia
- 2. Presentation Objectives • Define the two different types of change • Explain why change is important for our business • Describe how to implement change • Describe the benefits of change • Give my recommendation for our business
- 3. What is Change? • Two types of change: • Reactive Change – changes made in response to problems or opportunities as they arise • Proactive Change – planned change to anticipate potential problems or opportunities • Change is hard, but the tools for survival are: • Flexibility • Adaptability
- 4. Why is Change Important? Outside Forces Include: Demographic Characteristics Technological Advancements Shareholder, customer, & market changes Social & political pressures Inside Forces Include: Human resource concerns Managers’ behavior • The business world is constantly evolving • Knowing when to make changes is essential to survive • Monitoring the forces of change allow managers to make smart business decisions The Forces of Change:
- 5. How to implement change? • Choose a model/methodology to help implement planned change successfully: • Organizational Development • Lewin’s Change Model • A Systems Approach to Change • Understand and anticipate employee resistance to change • Don’t be afraid of failure, learn from it and don’t make the same mistake twice
- 6. Benefits of Change Change creates additional change Change promotes creativity with the organization Creativity promotes innovation within the organization Innovation creates new ideas and converts them into useful real world applications
- 7. In Conclusion • Long term success can not be achieved without change • Proactive change will keep us ahead of our competition, but reactive change is necessary when unforeseen problems arise • We must monitor the inside and outside forces of change to know when action is necessary • When implementing change choose the best method/model to make it as pain free as possible for everyone • Change fosters innovation and innovation is essential so succeed in this new technologically advanced world
- 8. References • Kinicki, A., & Williams, B. K. (2018). Management: a practical introduction (8th ed.). New York, NY: McGraw-Hill Education.
Notes de l'éditeur
- Hello everyone, my name is Taylor Wilson and today I will be doing a presentation called Change is Good. The objectives of this presentation is to define the two different types of change, explain why change is important for our business, describe how to implement change, describe the benefits of change, and finally give my recommendation for our business. Lets begin:
- Some of you may be asking what is change? Change in the business world can be a number of things including changes in the market, competition, or production availability. There are two types of changes we will discuss: Reactive Change which is unplanned change or changes made in response to problems or opportunities as they arise. Proactive Change is considered planned change that is well thought out beforehand in order to anticipate potential problems or opportunities. Good proactive change and reactive change are essential to keeping our business alive. We know change is hard but the key tools for survival will be flexibility and adaptability. Many seemingly strong businesses have gone out of business simply because they could not adapt or react to change.
- Why is change important in business? It is important because the business world is constantly evolving, especially with technology booming and the market is becoming more saturated with options. It is also important because knowing when to make changes is essential to survive. And lastly, understanding and monitoring the forces of change allow managers to make smart business decisions for the future. There are two types of forces of change, outside forces and inside forces. Outside forces include: Demographic Characteristics, Technological Advancements, and Shareholder, customer, & market changes. Inside forces include human resources concern and Managers’ behavior. All of these forces determine how a business should adapt to their market.
- In conclusion, let me summarize what I have discussed today. Long term success can not be achieved without change, Proactive change will keep us ahead of our competition, but reactive change is necessary when unforeseen problems arise, We must monitor the inside and outside forces of change to know when action is necessary, When implementing change choose the best method/model to make it as pain free as possible for everyone, and change fosters innovation and innovation is essential so succeed in this new technologically advanced world. Thank you for watching my presentation I hope this helped show how important change is to our business.