Tag: change management

Seize and expand the competitive edge with a smart, well-managed culture 'renovation'. Most business leaders understand the power of a dynamic, positive culture, but almost every effort to change culture fails. Why? The approach is often all wrong. Rather than attempt to 'transform' a new culture from the ground up, leaders need to instead spearhead a culture renovation.

Traditionally, mentoring involved a more experienced individual providing guidance, motivation and role modelling for a newer, younger individual in the workplace. This transfer of knowledge and industry insights entails a power relationship, where the mentor has authority over the person in the protégé role.

The wider renewables industry is realising the criticality of cybersecurity in holistic asset resilience. Since many of the systems currently in use were built prioritising efficiency over security, cybersecurity now poses a serious challenge for renewables operators.

Innovation is the driving force of modern business. In a rapidly changing world, organisations need to be able to adapt and transform at speed: in fact, change management is the most important soft skill for businesses of today.

It has been just over a year since COVID-19 has hit our shores, and as a small business we are still struggling to find our feet. COVID-19 has introduced new ways of business survival and operations, the 'adapt or die' quote has become a reality and small businesses have had to make crucial changes and learn new skills.

Financial institutions are spending, on average, 14% of annual operating costs on change management functions in order to drive greater productivity gains, a new study has shown. According to our report, 'Productivity 2021 and beyond: Upskilling the workforce of the future to create a competitive advantage in financial services', more than one in four firms are spending more than 20% of their operating costs on change programmes.

Companies that prioritise their employees’ change journeys during digital transformation projects, such as the remote working initiatives seen in 2020, are less exposed to risk and more likely to realise the return on their investments.

Although the strategy of digitisation and digital transformation had loosely formed ‘part’ of organisational growth strategies, it was not until the COVID-19 pandemic - where the entire world was forced to stay, and work from home, that ‘digital’ took centre stage.

Based on our 2020 experience, new year predictions may seem like a game of make-believe. But predictions are one thing, trends are another. We share technology insights into 2021 based on emerging trends. COVID-19 shocked all businesses last year. However, enterprises are becoming used to the new normal and digitisation should return to previous levels of growth in 2021.

If there is one thing 2020 has shown, it’s that the late Romantic poet Robert Burns was right, when in the 1700s he wrote, 'The best laid plans of mice and men often go awry'. COVID-19 has wreaked havoc on our ability to predict the 'what’s next' factor in our business environments and this year has seen businesses scramble from Plan A to Plan B, before working their way through the rest of the alphabet.