In business there is a famous quotation that said the market is always right. If you pay attention to this quotation you can spot an opportunity to makes profits. Although the market may predicted and moving to certain way, if there is a certain flow that move to different direction, you better prepare for sudden change to follow it because it might be a great opportunity for your business.
Fear of changes
Many organizations are reluctant to change because too afraid because there is no guarantee that the change might work and the organization will suffer with loss. This is normal and their fear may be right. Therefore you need to be careful to study about the change and adopt it gradually and manage it carefully, so you can control it according to the situation. By doing this you will be able to balance the change and situation, and have the momentum when everything is started to change.
The other reasons that people reluctant to change is because the change will be costly, especially on the organization budget. The organization will need to invest a lot of its resources such as time, effort and money. Many change projects are failed because of this reason. And in changes you also will up against the old tradition where many people are already in the comfort zone and reluctant to start it from the beginning again.
Changes is absolute
But despite with the adversary, the change is still will always happen. The world will continue to grow and change such as the development of technology that can make everything become much simpler.
If you are a manager in an organization, you need to have vision about the change and able to give motivation to your subordinate and coworker and provide the right answer and clear explanation to the people who oppose the changes. There are couple of things that you can do to prepare your business encase of changes;
Pay attention to the slightest change in market and society. The market always looks like moving in predictable direction, but small change, especially in technology could change the market directions.
Do it gradually. If you do it suddenly not only it will cost a lot of resources you also will face strong resistance from many people. But if your business does not make necessary preparation, your business will face disadvantages risk, such as loosing to competitors that already have changed.
