It’s true that the business world is always changing, and it takes visionary leadership to get through it. Market forces, changes in technology, or changes within the company can all make things difficult for senior leaders.
Transformative change usually involves:
Disruption: Change that breaks down established rules and ways of doing things. Not sure what will happen or what the long-term effects will be.
Resistance: when stakeholders get in the way because they don’t want to go through the changes.
Strategies for Leading Change
Make a plan for the vision:
Explain what the change is and what it will mean.
Make it possible for people to share their doubts and worries, which will help build trust and get everyone on the same page.
Get stakeholders involved as soon as possible:
Get important stakeholders involved in the planning phase.
Pay attention to what people say and change your plans if you need to.
Set up a culture that is ready for change:
Encourage a mindset that is open to or aware of the need for follow-up changes and ongoing improvement in the organization.
Leverage and Insights Data:
Use frameworks to help you make decisions and see how well changes are working.
Keeping track of specific performance data will show you areas that might need some extra attention.
Stay Strong:
Keep the big picture in mind when things get tough in the short term. Hold celebration events to show support and recognition to make teams more resilient.
Examples of Change Leadership
Reed Hastings (Netflix): Hastings helped Netflix go from a DVD rental service to a global entertainment powerhouse.
Mary Barra (General Motors): Barra’s bold and proactive leadership helped GM move toward electric vehicles.
Johanes Lim, PhD, CPC, CHt (林泰義)
Financial Doctor and Turnaround Specialist for Family Businesses and The BOD Forum Across ASEAN
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