ARTICLE TITLE: DEALING WITH CHANGE
Change
is a new development in a trend or series, a sector or industry, e.t.c. Change
could be positive or negative to individuals most especially businesses. What
makes most blue-chip companies still relevant in today’s business-world is
their ability to anticipate or predict a future change and being able to
adequately plan and deal with such change when it actually comes.
As
a business person new in the industry, how do you intend to dominate the market
without being a loser due to new products or services introduced by your
competitors most especially the “the big players” or already known monopolies.
No matter the resource constraint
you have got, always try your best to get the most qualified individuals to your
organization. Improve your leadership style to be more democratic and
participatory, your performance appraisal and reward system should be fair,
your control and reporting system should be as flexible as possible as your
workers should be free enough to approach you or your management for their
needs and also provide new ideas or concepts for your organization.
Creativity and initiative should
be increased regularly, learn to engage everyone’s thoughts, ideas and feelings
about forming a new business product or service, concept or brand, e.t.c –OR-
expanding the business horizon in an already existing one. Therefore you as a
boss should never be intimidating at all, all manner of pride and
social-prejudice (like social-class existence, e.t.c) should be excluded;
everyone should be seen as equal and the feeling of oneness or unity must truly
exist between all business members (whether top-management,
middle-managers/supervisors and the lower-level staffs).
You just wouldn’t know if the
next big idea or concept for your firm could come from even your most
unrecognized staff.
Apart from this, always compare
your company’s performance with that of others or the latest industry’s index
or standard; it makes you know while other companies are thick and special in
the heart of their customers (either in their dividend pay-out, products,
pricing or sales promotion, staff motivation, welfare and development, e.t.c)
and your business not. It also makes you to be able to detect your weaknesses
or failures, and to set-up your next line of action for update on the use of
your information technology tools, machines and softwares in your company.
Business tools and softwares like Peach-Tree, Sage Business, Paladium,
Quick-Books, Business-In-a-Box, e.t.c must be regularly used and updated at all
times in your business.
And do not be surprised if your
expected outcome or your predicted event doesn’t turnout the very way you think
it would, that’s why it’s good to have a PLAN B, a second route to the top and
an accurate path to your company’s success.
Be careful of intruders or actors
used by your competitors to survey your business in order to get your
trade-secrets; if this is blown out in the open then you are simply dead for
it. Protect your image wisely and deal with your staffs and agents properly,
make sure you truly attend to their needs and that they duly represent your
business positively and professionally.
(COMMENTS: fabschoolsnigeria@yahoo.com).