Leadership: How To Improve Your Bottom-line?
Written by Doreen M. McGunagle, Ph.D.
Change today goes beyond the new technology to the evolution of the global workforce. Creating change management competencies allows the organization to react to, and successfully embrace continual change. Change management competency requires that it penetrates every aspect of the organization.
You ask, “My organization is running fine so why should I care?” The underlying benefits include individual development of every person and the superior economic performance of the organization. All departments have an impact on the other. The change management competency offers an opportunity to learn, crafting a culture for the company to stay healthy.
Understand that employees of your organization must have a voluntary involvement to create an organization that will change to meet the demands of the business environment. By creating a change management competency it will motivate and energize employees. People in learning organizations react more quickly because it allows them to manage change. Additionally, to keep your most talented employees will require building a learning organization.
One key ingredient to the long-term success of incorporating change management competencies is to incorporate it in the strategic decision of the organization. The entire organization must be engaged in the new culture of the organization. By looking for ways to improve overall profitability and growth requires the ability to react to changes and opportunities that occur. How companies are able to deal with change will determine their long-term survival in the future. Creating a high performance organization will have a positive impact on your bottom-line.
Article author
About the Author
Dr. Doreen McGunagle is the CEO of Global Strategic Management Solutions. She is an organizational consultant, facilitator, and speaker. She has more than 20 years experience working with Fortune 1000 companies. Dr. McGunagle mentors, advises, and coaches leaders on key strategy issues that improve market performance and gross profits. An accomplished writer and professor: her publications include The Chinese Auto Industry: Taming the Dragon. Her educational background includes a Ph.D. (Organization and Management with a Specialization in International Business) and MBA (Management).
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