Archive for the ‘Adaptability’ Category

In Implementing Strategic Change, authors Tom Bevington and Danny Samson investigate why the most thorough business strategies can be disastrous upon implementation. They focus their attention on the interfacing activities carried out by employees as an often overlooked aspect of the strategic change process. When business plans are created without a complete understanding of employee responsibilities and actions, they are destined to join the many other well thought out but poorly executed plans that have preceded them. The authors offer detailed solutions to this common problem, including encouraging staff and managers to create detailed documentation of the interfacing activities that they engage in to complete their daily work.

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Related book summaries in the BBS library: Beyond Change Management, The Change Cycle, Epic Change

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The concept of being first remains vital to all businesses no matter the economic conditions. Indeed, being foremost in value, sales, or market is never more important than when businesses are struggling to get by. When the economy slows, or when a recession hits, businesses must learn not only how to survive, but how to thrive in the new economic environment. With the right actions, businesses can become first in their market and dominate even in an economic contraction. Grant Cardone’s If You’re Not First, You’re Last lays out the sales ground rules to make this happen.

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Related book summaries in the BBS library: Accelerating Out of the Great Recession, How to Sell When Nobody’s Buying, The Adversity Paradox

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In more stable times, adaptability in organizations and employees if often neglected. Companies become complacent in the way they do business, and many have an, “If it’s not broken, don’t fix it,” mentality. In more turbulent times, however, adaptability becomes an invaluable skill. Companies and employees who are able to keep a level head and effectively deal with uncertainty are more capable of taking advantage of difficult situations.

Companies are currently facing drastic changes in the way they operate and do business. Layoffs, mergers, and an increased focus on efficiency have all lead employers and employees alike to think differently about the way they work and what truly matters to the business as a whole.

In order to navigate the uncertainties of today, it is important that companies instill the quality of adaptability in all their employees, from CEO to front line worker. A company built on employees who are readily able to handle transition is better positioned than a company that is resistant to change. Companies that are able to quickly and effectively adapt to the new economic realities and take advantage of transformed marketplaces are those companies that will weather the current economic crisis and emerge stronger and better prepared for future success.

Related book summaries in the BBS library: Corporate Agility, Leadership Agility, The Change Cycle, Built to Change

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