How Smart Companies Manage Change
These days, business is all about anticipating and managing change. Unfortunately, seven out of 10 change initiatives fail, according to research. In many cases, companies fall short because their corporate culture is ill-equipped to deal with any significant change. In the recent book Make Change Work for You: 10 Ways to Future-Proof Yourself, Fearlessly Innovate, and Succeed Despite Uncertainty (Perigee Trade/available now), author Scott Steinberg dispenses advice for individual employees and managers who seek to endure and succeed amid fast-shifting times. He also reveals a wide range of approaches that smart organizations employ to empower their workforce to thrive in a changing environment. These companies understand that nothing—whether good or bad—lasts forever. And they're constantly coaching and encouraging employee teams to make educated gambles, while challenging conventional wisdom. The following list of traits that smart companies have used to successfully deal with change is adapted from the book. Steinberg is CEO of TechSavvy Global, a management consulting and market research firm.