With this changing business world “business as usual” is no longer an option. So, to confront the changing environment, you need to have a system in place to move ahead with the changes.
All changes involve a risk. Some risks can be avoided, and some must be accepted. While accepting or rejecting change request, consider the risk of not making a change as well. Way back, Nokia failed to adapt the smartphone technology, and they lose their market share drastically due to a lack of adaptability skills. No one can guess the exact amount of risk involved in change but can figure out the approximate degree of forethought before making changes. So, you need to act like an entrepreneur to live with uncertainties and to seek opportunities through those uncertainties.
It is a must that you need to prepare your employees for the change. It would help if you remembered that the change affects everyone in different degrees. That may have an impact on the work content of individual jobs as well as the roles of individual employees. The business should empower its workers to understand the changes in the working world.
We have already realized that an emergency can come along to disrupt the business at any time. With the past experience, you had with the COVID pandemic, you can have a plan to resilience from future shocks. Always think outside the box and prepare for a worst-case scenario. So, you will be able to survive in any hard time.
