business in competitive era

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     Technological change and

    other factors havetransformed business as weused to know it, into a more

    dynamic environmentcharacterized by a faster

    speed of change than everseen before.

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    Accept that Constant andFast Change is the New

    Normal

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    “The future is coming at us faster and faster,the rate of change is increasing and theamount of change that takes place in agiven year is skyrocketing as well. So

    much change has taken place so fast thatour governments, businesses, and otherlarge institutions haven’t always hadenough time to fully catch up. “ David

    Burstein author of the Fast Future

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     Leverage the Possibilities ofBig Data

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    David Court, c!insey Director argues thatregardless of whether or not you are a data based

    company, all businesses can leverage data andanalytics to make stronger data#supported

    predictions and optimize performance byobtaining a broader view of operations. $t isimportant organizations ensure data doesn%t

    become siloed, so they can fully optimize andtake advantage of advanced analytics.

    $nformation may not be valuable for long so it%simportant businesses e&ploit it and get utility out

    of it, to strengthen their competitive position.

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    Constant Innovation

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    'iven the dynamic environment aconstant focus on innovation is

    fundamental.

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    Agility

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      Traditional bureaucraticorganizational structures are slow to

    change and thus not adaptable

    enough for today%s innovativebusiness environment. (rganizations

    need to be redesigned to be more

    agile) to ad*ust in real#time aschange occurs.

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    Face Disruption ead !n

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    $t is important that companiescontinually scan the environment inwhich they operate and constantly

    research new ways in which they canbetter meet their customers% needs.

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    Conclusion

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     The key to our success in dealing with change ## at anindividual and at an organisational level ## lies in ourwillingness to accept change and to respond at lightningspeed to the demands placed by our environment with

    empathy for all those who are involved. $t is normal to wantto resist change+ to try bargaining and negotiating thingsback to the way they were) and to feel frustrated when thechange inevitably continues.

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     To survive in a globalised society and in a universethat is constantly changing, we need to see

    change for what it is the natural order of things

    -e need to recognise this and to master thetechniues to become part of that natural orderso that the organisation survives and thrives in

    the storm of change.

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