StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

The power of pull - Essay Example

Cite this document
Summary
“The only thing that does not change is change itself”, so goes that paradox that firmly expresses that there will always be change and change is a continuous process. For a 21st century organization, change is imperative in order to survive in the highly competitive…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER94.5% of users find it useful
The power of pull
Read Text Preview

Extract of sample "The power of pull"

Do the organizations of the 21st century sit on a melting iceberg, oblivious to the need for change? Do the organizations of the 21st century sit on a melting iceberg, oblivious to the need for change? “The only thing that does not change is change itself”, so goes that paradox that firmly expresses that there will always be change and change is a continuous process. For a 21st century organization, change is imperative in order to survive in the highly competitive business environment that seems to continually become competitive in every aspect.

From the rapidly changing technologies, the increased presence of smaller to mid sized organizations in the global arena due to the internet presence, to the manner in which consumers digitally get access to goods and services that is different from yester years, indeed the 21st century organization is sitting on “melting iceberg”, oblivious of the urgency needed to make changes to the new business model that would ensure their survival.Hagel, Brown, and Davison (2010) have analyzed the paradigm shift that has been occurring in the world of business over the past decades, especially the past two decades.

Indeed, the current business environment is characterized with endless stream of knowledge, interconnected workforce, blurred borders with increased global movement of knowledge, talent and capital, and a shift in power balance, where the power has moved from corporations to the consumers, and employees have also have power without necessarily being in trade unions. All these changes have mainly been due to changes in technology and liberalization of the business world. Organizations are increasing finding newer ways to attract, retain and develop talent, even as employees’ priorities and motivations change with changes in generations.

It is only in this new business environment that you find employees working as a virtual team or a big percentage of an organizations employees working from home. It is in this business environment that sales made online for a given business may by far exceed offline sales. However, despite these quite clearly notable changes, most organizations, especially those that have existed for a long time, are still focused on doing things the way they have always done. They still hold on to the old culture oblivious of the changing business landscape.

Like the penguins in Kotter and Rathgeber (2005) work, the organizations are complacent in the way things have always been done, and are unaware that their iceberg is melting. Newer emerging 21st century organizations are coming up and taking advantage of the shift and surpassing older established organizations in business performance. Such include the Amazon which in only a few years has reigned in online sales than other older retail companies. In fact other organizations such as Face book have flourished in this new business environment, almost making other businesses in physical mail obsolete, while revenue realized from phone calls have dropped as people tweet and text message.

We are in the centre of a disparity of huge change: whether it’s a shift from magnetic poles to earthquakes, or the way volcanoes shifted to tsunamis. When top businesses and nations appear to be left behind in their dominant sectors, it is evident that there is no chance of maintaining a status quo in today’s ever changing environment.In order to survive in this scenario, organizations need to develop strategies to effectively manage unanticipated crisis, challenges and events. Survival of businesses requires that the procedures followed by organizational leaders to learn and convey operational knowledge should be as quick to overcome the speed of environmental change.

So the first step towards change management has to be initiated by the organizational leaders and then transcended to all the levels. For this purpose the best strategy to be adopted is continuously adapting to change and matching its frequency with organizational developments, through keeping in an eye on ways the survival in such turbulences can be maintained.For organizations to becoming anxious towards competition is as short-ranged solution as dinosaurs pegged their endurance on competing with amphibians.

The dinosaurs despite being mighty lost the battle because they couldn’t manage to cope with the changes occurring in their environment. To be quick in response is essential for managing an organization in such a tremendously changing environment. Shorter duration to respond and Agility are vital to survival and this requires companies to have less capital so that its allocation and achievement of constant rate of return may be possible in all scenarios. So the challenge is not limited to capturing more market and being competitive but to be able to survive and adapt in accordance with the environmental change.

The key to victory in an instance of systematic and deep change resides in focusing on the response time along with the challenge encountered. In a dynamic business environment, each organizational level must perceive its condition as a challenge, and not confining to rigid compliance guidelines but developing creative ways to respond through effective change management. The main problem in executing organizational change lies with the nature of human resources that requires things to go as they used to be.

So in order to effectively implement change, the organizational leaders must inspire the human resource and help them in understanding the need to change. From simplest to the most difficult, change can be classified into four echelons which areKnowledge.AttitudeIndividual changeGroup changeIt is easy to change the knowledge but changing attitudes is quite difficult. Although people may understand and grasp the need to change, still they avoid it. So the next level is to change the behavior at individual level and the last most difficult is to let it be inspired by a whole group.

In order to implement change process, the change phases are considered crucial to be known. These are.a. Denial: As a change occurs, our natural response is a denial, as if nothing has happened.b. Negotiation and Bargaining: Even though we try to admit change but at the same time we start bargaining as the change occurred is not good enough. c. Frustration: Upon realization of the fact that something has happened that shouldn’t have had happened, we start getting frustrated on our incapability to control externalities causing such a situation.

So in order to cope with such a situation on should follow the following steps to mange change.a. Accept: First of all the denial should be avoided and this can be done by accepting the change. Once accepted one can start managing it.b. Communicate: Once accepted the reality, one may start discussing it with colleague, friends and associates. It will help in the generation of various ideas to handle the change. c. Plan: For effective and efficient management, planning is crucial. So a well thought plan is required for efficient change management and for efficient implementation the plan should be communicated at all levels.

For organizations to effectively make changes in the current business environment, it is imperative that it changes its culture to be more responsive to innovation, and changing business goals and strategies that give the business a competitive advantage. Phillips (2012) indeed acknowledges that the culture may potentially be the biggest barrier to change and innovation. Unless an organization shifts from a culture of compliance to one of commitment and engagement, and from a rigid culture to one that is open to ideas, realizing strategic change to match the changing business environment may prove to be challenging.

As an event planner and finance executive, I have noted that social media and enterprise cloud computing are the new changing interphases that are heavily influencing my organization’s pull tactic due to their democratizing influence. Individuals in the organizations who are able to effectively apply these tools are those who are impacting the rapidity of innovation in the organization and are elevating the organization to improved performance. Though changes continually take place in the organization, in my role in relationship building such as that of Buddy or Alice in the penguin fable, to steer my tem towards achievable changes and targets.

Hence it can be said that change is inevitable in the modern age and companies denying it are considered to be sitting on a melting iceberg and the sooner they realize this fact the better it will be for them. Or else they may be eliminated from the business landscape like the dinosaurs. In order to cope with changing business world, organizational leadership must play its part and construct strategies for adaptation. The change management at all levels and creative thinking will help the companies to focus on the ways to counter the changing business scenarios.

This will help them in their survival through all seasons (Tulsian, 2002).ReferencesHagel, J., Brown, J.S., and Davison, L. (2010). The power of pull: How small moves, smartly made can set big things in motion. New York, NY: Basic BooksKotter, J. & Rathgeber, H. (2005). Our Iceberg is Melting: Changing and Succeeding under Any Conditions. New York, NY: St. Martin’s Press.Phillips, J. (2012, July 20). Culture – A Powerful Innovation Barrier. Retrieved August 3, 2012, from http://innovateonpurpose.blogspot.com/2012/07/culture-powerful-innovation-barrier.

htmlTulsian. (2002). Business Organisation and Management. Pearson Education India.

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“The power of pull Essay Example | Topics and Well Written Essays - 500 words - 1”, n.d.)
The power of pull Essay Example | Topics and Well Written Essays - 500 words - 1. Retrieved from https://studentshare.org/business/1601304-the-power-of-pull
(The Power of Pull Essay Example | Topics and Well Written Essays - 500 Words - 1)
The Power of Pull Essay Example | Topics and Well Written Essays - 500 Words - 1. https://studentshare.org/business/1601304-the-power-of-pull.
“The Power of Pull Essay Example | Topics and Well Written Essays - 500 Words - 1”, n.d. https://studentshare.org/business/1601304-the-power-of-pull.
  • Cited: 0 times

CHECK THESE SAMPLES OF The power of pull

Reduce Fuel Usage to

These have asked for a number of resources to be made available to these urban cities so that proper and adequate facilities can be provided.... Urbanism is basically a phenomenon which covers… ally all the details related to urban cities and their planning, monitoring with the passing times and controlling of measures that are taken from time to time so that these urban centers can provide the best possible services and amenities to its citizens....
5 Pages (1250 words) Essay

International Strategy in The World Pulp and Paper Industry

The paper and pulp industry has been vigorously growing as a result of its buoyant demand in the globe.... Companies in this industry are now not only catering to their local customers but they are also meeting to the needs of their global clients.... hellip; They are pursuing a global strategy to sustain their businesses because their local markets and technological infrastructure have become matured and in addition competition in this industry has increased severely....
8 Pages (2000 words) Essay

Wood Pulp for Paper Manufacturing

The following paper 'Wood Pulp for Paper Manufacturing' presents Timber which is wood in any stage from felling to being used as a structural material for construction or wood pulp for paper manufacturing.... Timber is supplied in a rough or finished state.... hellip; The author states that Rough timber, besides pulpwood, is the material used for furniture-making where further cutting and shaping is essential....
11 Pages (2750 words) Term Paper

Pulp, Paper and Paperboard, Inc. ratio analysis

The activity ratios are however on a decreasing trend.... Though the inventory turnover ratio improved in the year 2010, it fell in 2011.... hellip; The debt ratios uniformly improved across the years. While the gross profit margin decreased with time, operating profit margin and net profit margin improved with time....
2 Pages (500 words) Essay

Business-Finance Paper -Read FULL directions

With the economy expected to contract in 2015, the challenge for Russia is to be able to prudently make use of its dollar reserves to keep the economy afloat and the ruble from falling off a cliff in terms of purchasing power.... There is a projected ballooning of Russia's fiscal budget deficit due to the severe negative impact of falling oil prices on the ability of the Russian government to finance its operations....
4 Pages (1000 words) Essay

The Cold War and Its Impact on Foreign Policy

Usually, a major power will instigate a proxy war without directly involving itself.... and the Soviet Union related to each other in the aftermath of WWII that brought down Adolf Hitler and left the alliesdefeated (Leffler & Painter , 2005).... Following the war, the… On their part, the Soviet Union boasted having the largest army in the world....
5 Pages (1250 words) Research Paper

The Main Millitary Power in the Gulf

"The Main Military power in the Gulf" paper states that Iran is the main military power within the Gulf region as observed from the strong military it has had in the region.... Evidently, Iran, Iraq, and Saudi Arabia have been the main military power in the Gulf region prior to the Iranian revolution.... Although Saudi Arabia demonstrated a lot of financial power, it lacked the military essential to provide security in the Gulf region....
20 Pages (5000 words) Coursework

Fossil Fuel Power Plant Problem

Carbon dioxide is emitted from the power plants by burning fossil fuels for electric energy production.... … The paper "Fossil Fuel power Plant Problem" is a great example of an assignment on environmental studies.... Fossil fuel power plants can be defined as stations that burn fossil fuels like coal, natural gas.... The paper "Fossil Fuel power Plant Problem" is a great example of an assignment on environmental studies....
9 Pages (2250 words) Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us