Managing change is very difficult.
Actually, Peter Drucker said “one cannot manage change, one can only be ahead of it.” He followed by saying “The most effective way to attempt to manage change successfully is to create it.”
We are living in a time of continual disruption in business today. We are living in the fifth techno-economic revolution, which is rapidly exiting the Transition Stage and entering the Deployment Stage. This means the full economic and transformational power will be felt by all of us.
Over the next 15 to 20 years, we will experience a rise in affluence and quality of life that has been unprecedented. In the recent 2015 Berkshire Hathaway Shareholder Letter, Warren Buffett pointed out that the average American lives better than John D. Rockefeller at the height of his wealth in 1930.
This comes with rapid change in all areas of business and the economy.
This means this level of upheaval and change is now in the new normal phase of our Growth Curve. It is painful and risky.
It requires a large amount of learning and hard work.
One of your main priorities as a business leader must be to lead change. Not manage change but to lead it.
The only businesses who will survive and thrive are those who are led by change leaders.
You have to look for and spot applicable opportunities you can capitalize on and insert your business into. According to our research, today’s leaders are not very good at futuristic thinking. However, in order to succeed, we have to get better at anticipating and recognizing patterns and trends.
Being a change leader is risky.
It is much less risky than not being a change leader.