Why is embracing change so important?
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Embracing and adapting to change is vital in today’s business world to thrive through disruption. Below are some positive outcomes for leaders and organisations that welcome and encourage change.
To adapt is to succeed. Leaders who embrace change instead of resisting it are those who will be ahead in the market. Taking risks is important for maintaining or creating competitive edge, particularly in this ever-changing world where technological applications are evolving rapidly and cannot be avoided.
While the level of change needed will differ from business to business and depend on industry sector, change is and always will be essential for continuous improvement and business continuity. This may require new skill sets or up-skilling of your current team. Either way, employees need to be up to date with new and improved procedures.
Rigid work environments and practices will not lead to success in today’s changing world. Employees must see change as necessary for growth. Having an adaptable work-force that is accustomed to finding different solutions when faced with dilemmas will encourage innovative behaviors and actions.
Helps Build Resilience
The stronger an organisation is at adapting to change, the quicker it can recover when a crisis or challenge strikes. Organisations and leaders that are capable of dealing with complex change situations and who embrace them with enthusiasm are more likely to have adaptable and resilient teams willing to take risks associated with the required change.
Certain changes whether big or small, may face resistance. If teams feel part of the consultation process and contribute to the development of the change strategy, they are more likely to accept and embrace the change process. This, along with upskilling and learning opportunities, will positively impact morale and engagement during the transition period.
The impact of change can be significant on organisational growth, from revenue to reputation to employee headcount. Organisations seen to be positively adapting to change and reaping the benefits, become more attractive to current and prospective employees, customers and clients.
Written by Eimear O’ Driscoll,
Executive Search Researcher, InterSearch Ireland