Search
Close this search box.
Search
Close this search box.

Evolve or Expire: Why Effective Change Management Is Critical for Growth

For a company to prosper, it must be willing to continually evolve. The more a company embraces change, the better its chances of success. Most business leaders understand this, but when the time comes for real change to be made, many fail to consider the effects of these adjustments on the company as a whole.

GettyImages-503790148-compressorChange management comes in a countless variety of forms, and there is no single recipe for its success, but effective communication is almost always key. It also helps if employees have the tools to continually manage change. For this reason, many companies incorporate change management training as a mandatory part of employee development.

Even with a trained workforce, the path forward isn’t always simple. A recent survey by Robert Half Management Resources found that 46% of top-level executives encountered serious obstacles in the execution phase of their change management efforts.

Here are 3 key steps business leaders can take to help ensure successful change management outcomes.

1. Define key roles. Establish leadership roles at the outset, and make sure people are on board with the change and their roles in it. Determine the change sponsors, the change agents, and the change targets.

The executive sponsor should explain the business reasons for the change, while the agents help to implement it. It’s up to the sponsors and the agents to ensure that the targets—the people affected by the change—are informed, on board, and able to adapt.

“To successfully direct employee perceptions and expectations at the outset, executive leaders should determine and recognize the stressors that employees are most likely to experience.”

2. Recognize common voids and uncertainties. Employees are bound to experience some uncertainty with any major change. It’s important for sponsors and agents to manage the initial exposure to the change. To successfully direct employee perceptions and expectations at the outset, executive leaders should determine and recognize the stressors that employees are most likely to experience.

In the early 1980s, British Airways underwent a massive restructuring with the potential to destabilize the company and alienate employees. Fortunately for the airline, the chairman sponsoring this change maintained transparency throughout the process. From the start, he openly addressed employee uncertainties and concerns. The reward for his honesty and communication was a more informed, organized, and united company.

3. Pinpoint and celebrate successes. Change isn’t easy for anyone, but recognizing specific achievements along the way stimulates a positive perception of the change.

For example, successful print management is not just about deploying technology; it’s also about changing employee printing habits. Business leaders find it quite rewarding when employees can equate minor workflow changes with significant financial and sustainability results. Commitment to change grows fast when you keep people informed and aligned with progress.

Every organization realizes change is necessary to grow and compete in a dynamic global marketplace. Still, change is difficult; the tools of change management help CEOs and other business leaders to mitigate the risks of change and increase the likelihood of success.


MORE LIKE THIS

  • Get the CEO Briefing

    Sign up today to get weekly access to the latest issues affecting CEOs in every industry
  • upcoming events

    Roundtable

    Strategic Planning Workshop

    1:00 - 5:00 pm

    Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process

    Executives expressed frustration with their current strategic planning process. Issues include:

    1. Lack of systematic approach (70%)
    2. Laundry lists without prioritization (68%)
    3. Decisions based on personalities rather than facts and information (65%)

     

    Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns.  They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning.  Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process.  This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented.  If you are ready for a Strategic Planning tune-up, select this workshop in your registration form.  The additional fee of $695 will be added to your total.

    To sign up, select this option in your registration form. Additional fee of $695 will be added to your total.

    New York, NY: ​​​Chief Executive's Corporate Citizenship Awards 2017

    Women in Leadership Seminar and Peer Discussion

    2:00 - 5:00 pm

    Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations. 

    Limited space available.

    To sign up, select this option in your registration form. Additional fee of $495 will be added to your total.

    Golf Outing

    10:30 - 5:00 pm
    General’s Retreat at Hermitage Golf Course
    Sponsored by UBS

    General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.

    The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.

    To sign up, select this option in your registration form. Additional fee of $295 will be added to your total.