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Change Management and Business Risk TakingTip! The first and most important step in a good business management plan is to set clear specific goals and objectives. It is easier to achieve goals or objectives that are distinctive and focused. Often there are times in business when corporate managers and executives need a little shake up and that means to shed the dead weight that is not up to the performance standards that are required to run the company efficiently. When this happens it is of the utmost important to get rid of those executives or corporate managers who cannot cut the mustard. If employees, executives or managers who are up to snuff, but perhaps not well liked are the ones that get the ax then this becomes a political event and other top-notch employees who are giving 110% in everything they do will stop taking risks because they are afraid they might be next to go. This causes increased primate politics and favoritism and only makes things worse. In fact in case studies after Chainsaw Al had done his dirty work in large corporations it was noted that many middle managers all the way up through executives stopped taking risks, because they were afraid if they did the wrong thing they would be fired. Businesses must take some risk in the marketplace because the only constant as we know is change.
When you were involved in a dynamic market there will be changes and the executive management team will need to deal with these changes and take risks and find new ideas to handle the challenges. If change management is not fair and honest with a good measuring stick then you risk the problems of executives and managers afraid to do their job and take the necessary risks to succeed in the marketplace. Please consider all this in 2006.
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