Change – The need and the way

By SOCH Business Mentors LLP Posted December 28, 2021 in Insights on Business & Organisation Transformation

Change – The need and the way

While some people keep trying to bring change in their organisation, others may have taken a step forward by hiring experts to bring change. Irrespective of how you bring change, it is impossible for organisations to ignore the need for change today.

If we look at the history, companies have survived and thrived in changing times only because they were able to respond to change, proactively adapt and become resilient.

How does this happen?

Well, every organisation has a similar external environment – the social, political, economic, cultural and such others. What differentiates one organisation from the other in terms of their strength is their internal environment – the people, attitudes & behaviour, the product, and the culture.

The next big question is, how can a company leverage its internal strength for sustainable growth?

To begin with, every organisation must first know its strength and create a plan of action to leverage its strengths through a step-by-step process.

Where does this change begin?

There are hundreds of theories about change. With our practice experience, we can say that every change initiative must begin with your mindset and not actions directly. Initiatives that begin with actions alone eventually fail as either people don’t accept change, or they lose interest. Statistically, 70% of change initiatives fail with the above two as the core primary reason for failure.

How can we help?

We understand that the nature of every business is different – their strengths, their challenges, their weaknesses, their opportunities and likewise everything varies. We begin by understanding the core of a business to identify its strengths, build and implement practices to leverage the strengths and monitor and grow to build a responsive, adaptive and resilient organisation.