When the need for change hits an organization by surprise it often results in disruptive and dramatic results such as downsizing, plants closing, or re-engineering. Dramatic and disruptive change is often accompanied by downturns in the business that can ultimately have an impact on the financial stability of the organization. The ability to anticipate and manage change before a crisis is a core competency that all organizations should consider embracing. Some organizations achieve their competitive edge through research and development. Others may be the best at manufacturing and supply chain efficiencies, or marketing and customer service. In addition to those two to three core competencies that are essential to your business, the ability to anticipate and manage change has clearly become a key competency for those who succeed in the long haul.
How flexible does your strategic plan need to be?