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Saturday, 27 October 2012



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).



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