Adapting New Social, Economic and Technological Changes in Business

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Table of Contents

Introduction
The facts – physical facts
The law
The issue in question
The decision / holding
The conclusion
Works Cited

Introduction

The world of today requires change that will propel us to the next generation. The diversity of technological development and the increasing dynamism has brought a new world order. Production techniques have been transformed from the ancient agrarian technology to fast, efficient, and effective production methods. The future world is characterized by innovations, originality, discoveries creating more proactive change mechanisms that are bring desired outcome in institutions that appreciate changing. There is a dire need of developing institutions that promote change. Organizations that block change are anti – growth and their future preparedness is at stake. Justice yearns for change.

Today’s corporate world is moving to the next generation by embracing technological advancement coupled with behavioral studies on people management in the changing work place. The marketing methods are dynamically changing with special focus on tailored approaches that meet customer requirements. The world of today is a global village due to the current trend of information technology.

The government is under enormous pressure to adapt the current wave of change that is synonymous with futuristic institutions across the globe. The nature of man is increasingly changing from the type of work he does, clothes to wear, food to eat and the social orientation. The standard of living is sporadic with lean production governing factories coupled with product differentiation (Bridges 54).

Educational institutions are focusing attention on systematic study that is open to change. Proponents of change have devised various change mechanisms that will help organizations appreciate the best change practices in the world of work. Researchers are on top gear to study change dynamics, barriers to change and the best methods of transitioning change from the old to the new.

The facts – physical facts

Human beings are prone to change and this is a fact that cannot be changed. It is a process that requires careful planning. Whether we like or not we have to change or circumstances will change us. We cannot be able to predict life events and the outcomes and therefore we must appreciate the role of change in every day situation. Changing involves communication that is two ways, where 90% of change is achieved through communicating. However we appreciate that it is human nature to resist change at certain instances of life.

For an organization to achieve meaningful change, it must endeavor to change the employees and all stake holders so as to realize real change in practice. We must change to survive the next generations. If we refuse to accept, change will change us. Kotter & Dan (21) says that there is an inner desire in people to know what it would be like in the coming future. This is a prerequisite for changing. Organizations and governments must educate and train their people on how to achieve change and the reasons of changing. If people accept change, it can work tremendous results that can bring positive approach to life.

Change helps people to appreciate new way of doing things. It helps to inculcate new knowledge that brings understanding. It appreciates the causes and reason behind every occurrence. Competitive Business ethics is aware of the changing dynamics of customer requirement and purchasing patterns. The world market movers have invested heavily in consumer behavior focusing on their changing nature of choices and preferences. To compete in the global market, firms are searching the best methods of marketing their products to depict uniqueness while positioning their products a notch higher.

The law

It is important for an institution to appreciate change by developing systematic procedures that will entrench change mechanism in running its activities. Organizational policies should focus on creating room for change that is in tandem with the goals, mission and objectives. Strategic change management approaches are vital to the success of the organization. There should be research and development department governed by tools of change that encourage authenticity and originality across the supply chain. To achieve sustainability, laws should be enacted that promote change programmes.

The firm should develop awareness initiatives that promote meaningful approaches of dealing with change. This should be achieved through formidable associations with stakeholders. Firms should emphasize the need for action to reflect the changing environment. This will boost corporate image for future sustainability. To facilitate performance, change benchmark should be incorporated in the work practice and procedure.

The laws made should analyze the risk factors that pose constraints in achieving change. Organizational heads should set time limits and targets in the implementation to enhance realistic achievements. There should be organization to reflect innovative skills of work. Dialogue is a tool that is needed to encourage diverse opinions giving room to various suggestions that helps in improving work. To realize fully the objectives of change, the process should involve mentoring of the workers and give guidelines to groups. And where possible coaching them (Bridges 87).

The federal government through the office of State Personnel has carried a preliminary study on the need of change, with focus on behavior change in the government. The government articulates that organizational change is achieved by individuals at a personal level and then translated across the board. It involves experiences that help an individual to respond to the prevailing changes positively. Further the process of change is gradual involving development of skills and the feelings. The government appreciates that people change depending with prevailing situation like relocation, restructuring of the organization and any revisions.

However, this affects people’s psychology due to difference in emotional feelings. Any meaningful change is achieved through good leadership that provide direction while aligning, motivating and inspiring people. To effectively achieve change, Kotter & Dan (56) says that the principles of management that involve controlling, problem solving and organizational re – engineering are key to achieving change.

The state has provided legislation for agencies that specialize with change and its dynamics. They carry various activities like company re –designing, product change, employee enhancement programme, marketing of brands to capture new market. Other agencies have community support programmes achieved through educating people, research development and facilitating positive changes. Others endeavor in pricing strategies that see the transformation of selling patterns through innovative pricing.

The issue in question

Companies have lost huge sums of money due to conservativeness where they cling onto the old methods and processes. As a result, workers have lost their jobs when large corporations wide up in bankruptcy. A lot of wealth has gone to the drain when capital investments under go technological obsoleteness. Organizations are not upgrading their productivity with the new technology that is efficient, fast, flexible, reliable and consistent. The politicians, business men and scholars must come together to promote changing culture by determining what to change, how to change, when to change and for whom are changes being implemented.

Bridges (98) states that promoters of change must device scientific methods that will help identify areas that need change what to change and how to eliminate the traditions and replace them with innovativeness. The philanthropists, government and well wishers should come out aggressively to finance and support programmes that encourage change. Research bodies and universities must live up to the challenge and embark on empirical studies that promote change management.

The decision / holding

All the stake holders must come together collectively and individually to combat the problems and barriers of efficient changes across the society. The government mandate is to provide an arena for change by institutionalizing ethical change practices through enacting laws that encourage research in change mechanism while discouraging outdated methods in the economy. Proficiency in new technological advancement must be the prime objective of the federal, state and the local governments. The corporate sector being the main beneficiary of change must act with speed to promote change mechanisms that gear towards institutionalization of change.

They should invest heavily in new technology and new method of doing business. Customer and employees should be handled as drivers of change leading to unification of the world as a center of change. Every individual is to inculcate the desire to change and appreciate change as a tool for development (Kotter&Dan 123).

The conclusion

It is the mandate of each person to appreciate and promote the ethos of change considering change is transitional, focused on the new, and requires personal initiative and self drive to benefit from the positive attributes of change. The government as a stake holder is to lead by adapting new social, economic and technological changes that are prevailing. Any corporation whose products have a basic global market share must be on the look out to consistent productive changes that helps to remain competitive and resilient while using the latest model of marketing to maintain its threshold.

Works Cited

Bridges, William. Managing Transitions: Making the Most of Change. 2nd ed. Cambridge: Da capo press, (2003).

Kotter, John and Cohen, Dan. The Heart of Change, Real Life Stories of How People Change Their Organizations. Harvard: Harvard Business School press, (2002).

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