Make company transformation a success
How do businesses rise to the challenge of change? Mark Kissack and M'Bayang Thiam share their insight on making company transformation a success.
No business is safe from disruption in today’s volatile, uncertain, complex and ambiguous world. And those who misjudge this can very quickly find themselves in trouble. As former chairman and CEO of General Electric Jack Welch noted: “If the rate of change on the outside exceeds the rate of change on the inside, the end is near.”
When disruption occurs it is often too late to react and that is why businesses need to be proactive. Successful organisations are constantly identifying and assessing potential business threats and opportunities. They are also rapidly preparing their capacities to navigate change by building change agility.
This is an extract from the Business & Management Magazine, Issue 274, May 2019.
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Full article is available to Business and Management Faculty members and subscribers of Faculties Online.