Barry's Accounting Services, Corp.
1852 Flatbush Avenue - 2nd Floor
Brooklyn, New York 11210
(718) 677-4006
E-mail:
clembarry@aol.com
 
Client Update - quarterly newsletter
 
 

 

Change Management

Summary

Change is inevitable. How we embrace and adapt to change is called change management. Embracing change is a painful proposition for some people. It is a bitter pill for them to swallow. They can't cope with change. Change can hinder our progress or make us progressive. We must handle change effectively even if the people around us are resisting change or are reluctant to make changes. In some cases we may have to leave them behind and move forward with people who are up-to-date and comfortable with changes in the marketplace. How we handle and benefit from change is what counts.

Overview

Over time, the world economy will change:

1) Products and services will change.

2) The demographics of the population will change.

3) The workplace will change.

Everybody will have to change to suit the time and circumstances or they will get left behind. Resisting change is akin to sabotaging our personal and business development, and growth.

Change will come whether we like it or not. Change is inevitable. Everything in this world will change. Businesses may have to diversify, outsource, streamline operations, bring in new talent, become pioneers of new products and services, or make inroads into new markets that are dominated by entrenched competitors. How quickly we embrace change, adapt to it, and benefit from it, is what matters.

Everybody must embrace new ideas and opportunities that accompany change. We must adapt to new ways of doing or conducting business in order to sustain our competitive edge. We may have to change our business model to maintain our business identity and relevance in the marketplace; and prepare the business and ourselves for the future.

Some people and businesses are trapped in their past successes. They are reluctant to making changes even when doing so is essential; but they are quick to embrace changes when they are facing financial hardship or near bankruptcy. (Excerpts from the Book, "Sweet Success" by Clemson Barry.)