'IT is not the strongest of the species that survive, nor the most intelligent, but the ones most responsive to change.” -Charles Darwin THE recent past has been a turbulent period. The unprecedented pandemic, the Russian adventurism in Ukraine, the Fitch downgrading of US government debt, the continuing Philippine incidents…
“IT is not the strongest of the species that survive, nor the most intelligent, but the ones most responsive to change.” -Charles Darwin
Change. Re-invention. Innovation. Transformation. Call it what you will, the phenomenon of change is inevitable, eternal, inescapable, and imperative. As one futurist said, change is “not merely necessary to life, Change is life itself”.THE world of commerce and business has experienced change, perhaps more so than any other spectrum of life.
The “commoditization” of everything—The commoditization of products, and technologies is history. In our midst is increasingly a marketplace where services, skill sets, human resources, knowledge, and even, innovation are getting commoditized. Differentiation and climbing the value chain require incessant reinvention.THE business world has changed and it will continue to change at a faster pace.
“Adjusting the sails” or constant adaptation to the external environment is not easy for any entity. Companies must constantly clarify their core purpose, vision and destination in the changing landscape. Based on the changing environment, companies must re-assess the structure, strategies, processes and collective behavior. Most importantly, companies need to propagate a corporate culture that embraces change and encourages innovation.
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