Jul 4, 2019 in Management

Adaptation to Change in Business

The quote by Darwin is universal. It deals with the ability to get through the evolution in everything. Nothing is the same, and it means that coherence with the demands of time is a way to success and survival. In the nature, some weak or unsuccessful species get extinct. In business, weak companies unable to adapt to changes get bankrupt. Moreover, adaptation to change makes a company strong and versatile in planning its strategy in the short and in the long run. “Absence of change management” is a catastrophic failure leading companies to wasteland (Gillot, 2008, p. 70). Thus, adaptation to change is a successful trick of any company leading its business to the highest rates of performance.

First of all, successful corporations are usually monitoring what is going on in the market. It gives them a whole picture of what is of high demand today compared to what was sought-after yesterday. A business which deals with change today is quite different from the business of yesterday as rules and circumstances in the market may slightly change as well (Schoemer, 2010). Based on this fact, successful companies learn from the past to build their strategies for the future with knowledge of what was wrong in the past and still works at present, like evolving. Change is so significant, because “a company which succeeds is a company which can anticipate the change” (Gillot, 2008, p. 65).

By anticipating the change, a company can get solutions and make up conclusion on what should be done at the moment. Hence, risk management is crucially important during the decision-making process. Darwinian survivability in business is possible through the delivery of “agile, dynamic solutions that can be flexed to support the changing needs of the business” (Vervest, Liere, & Zheng, 2009, p. 47). On the other hand, living in the post-industrial era where information is very fast, it is vital to note, “Enterprises must be able to change faster to meet this required speed of strategic and organizational change” (Vervest, Liere, & Zheng, 2009, p. 1). If they fail, they risk to stay behind the scenes. Hence, “it is not the strongest of the species that survives, nor the most intelligent, but the one most responsive to change” (Darwin Online, 2013, p. 1). Being able to change is just a beginning of the prosperous future for an individual, in particular, and for an organization, on the whole (Schoemer, 2010). This is why, like in the wild nature, adaptation to change is similarly vital for a company which does not want to lag behind the leaders.

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