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Monday, August 09, 2010

Is the the Enterprise of the Future Hungry for Change?

According to IBM Global CEO Study titled “The Enterprise of the Future ”, there is a strong agreement that – The enterprise that is willing to change will dominate in the future.

While every CEO agrees that ‘Constant Willingness to Change’ needs to be a part of the company DNA to dominate in the future, larger percentage of those CEOs will not be able to implement change – according to the survey. Companies are struggling with its accelerating pace of change according to survey. We encounter ability to articulate change but inability to execute these changes is as shown below:

Over 80% acknowledge change, but they lack vision, courage and focus to execute and implement those changes.

The Enterprise of the Future:

    * Accepts change as a permanent state of being: In an environment in which products, markets, operations and business models are always in flux, values and goals provide alignment and cohesion.
    * Change management cannot be  ad hoc, but a core competence that cuts across all levels: The Enterprise of the Future manages change to deliver defined business outcomes. The Enterprise of the Future establishes processes and structures that promote innovation and transformation.

After all. the ability to execute change management, involves changing the existing corporate culture.  It’s the organization’s behavior that generates resistance to change. 

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