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Every business will go through a period of change at one point or another. Change is inevitable in the business world and often essential for continued success whether this is an acquisition, merger, move to a new location, or expanding overseas just to name a few types of change. No matter the type of change, there will always be challenges that arise and it can be a difficult period to manage.
Types of Change
Typically, there are two types of change in business – planned and reactive. As the name suggests, a planned change is one like a merger or adding new products where the goal is to improve the business. A reactive change, meanwhile, is a response to an event outside the business that was not anticipated, such as Covid-19 this year.
Challenges
Change can be difficult to manage as you will have to try and keep the business afloat and without interfering with the service that you provide while trying to implement a new plan. In addition to your customers, change can also be difficult and unnerving for staff so you must also keep them in mind no matter what type of change you are going through.
Planning
In terms of managing a business through change, proper planning is key to success. You need to create a plan working with management and consider what the risks and issues might be and find ways to compensate for these. In addition to planning for the change, you also need to work out how you can minimize disruption and consider how you will communicate with both staff and customers during this time.
Interim Managers
Another smart step to take when going through any period of change in business is to bring in an interim manager. This is intelligent because you can find an interim manager that can come in short-term and has expert knowledge and skills to deal with the specific change that you are going through (such as an acquisition) which will help to make the project a success and allows you to focus on minimising disruption and helping staff. Interim recruitment agencies are the best places to find suitable candidates and the fact that it is short-term makes it a cost-effective solution too.
Change is often inevitable in business and there can be many different types of change both good and bad. Often, change is important for taking the company forward and continued success, but it can also be very difficult to manage a business while going through change. This is why proper planning, communication, and bringing in experts is the best way to handle any kind of change whether it is planned or reactive, and should make the project a success while minimizing disruption.
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