Creating Change

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Change Management  >>  Leading Change

Internal and External Drivers of Change

 

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Vadim Kotelnikov

  

Don't just watch news, create news!

     

 

 

Drivers of Change Corporate Capabilities Resource-based Strategic Management Culture of Creative Dissatisfaction Competitive Innovation Customer Needs Business Environment Organizational Fitness Profile Technology Innovation How To Discover and Invent: SARS synergy Burning Desire Venture Investing Key Drivers of Market Opportunities Change Drivers - internal and external: capabilities, resources, inventions, customers, competitors, government

     

 

 

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Internal and External Sources of Changes

The changes creating new opportunities for innovation can be both within the enterprise or industry and outside them. A three-level business intelligence system is thus to be established to collect and analyze information from within the enterprise; industry and market structure; and external sources, such as demographics, changes in perception, and new knowledge.

Innovators who want to exploit new knowledge need to apply a careful analysis of the knowledge available and the knowledge needed.

Keep your early warning system on to spot trends first. Whatever you see, hear or read, consciously remember to ask yourself: Will that eventually constitute a driver of change?

Develop your company into a learning organization that is continuously expanding its capacity to create its future by continuously learning new ways of doing things and also continuously forgetting old ways of doing things. It will help you to adapt to and survive in the changing business environment and to fulfill you potential.

Five External Drivers of Change

  1. Customer-led drivers changes in the market make-up such as attitudinal moves in demand, income alterations, or demographic shifts that change definitions of value and convenience

  2. Technology-led drivers incremental or radical innovation that occur in either the primary or enabler industries

  3. Capital-led drivers changes brought on by institutional investors and the resultant alterations in standards of performance

  4. Competitor-led drivers new challenges by existing competitors and new entrants

  5. Government-led drivers legislative changes and policy initiatives that can impact business  >>>

      

 

Goggle Larry Page business advice quotes

Things do change, and if your business is static, you're likely to have issues >>>

Larry Page

Google

Edward Deming advice quotes

It is not necessary to change.

Survival is not mandatory.

Edward Deming

Thought Leader