If you haven’t noticed, we have moved into a new era in business. Up until the early 1900s, a sweeping wave of change may have ushered in at a rate of 50 to even 100 years. By 1950, this could be measured in decades, and perhaps by the early 2000s, we were considering five-year windows of business trends moving in substantial ways. But lately it has been trending by-the-year.
Just think of how the market was different in 2019. Then 2020 hit, and we all considered it a new phase, but then 2021 came along and yet again another new era came upon us. What are you seeing, hearing, feeling in 2022? Well, I believe we might be seeing yet another new era coming, and the purpose of this article is to help us adapt well where possible.
These changes impact every area of our work environment, but at this moment, let’s focus on staffing. Employee relations, compensation plans, customer Interactions, workspace, finance, etc. are all being impacted right before our eyes with little time to see it coming and plan. So how do we reinvent ourselves to be the successful new managers for this new time and place? The first and second steps are to be aware and well-informed. What have you recognized as different about your organization? Have you looked deeply or are you just rolling with the punches and wondering, “When will things be normal again?”
Once you recognize conditions are evolving faster than we can respond, seek out information and wisdom from others. There are dozens of articles and videos touching on the new developments happening in business management every day. Take the time to read, watch and listen to see what applies to your circumstances. Learn how you might adjust and start experimenting to develop the right formula to move your enterprise forward.
Evaluate often. Are your employees restless? Have you looked at employment ads to see what is available to your people? You may not be able to stop or even slow the trend, but you can take measures to adapt and handle the changes better and maximize the opportunities that arise in every market adjustment.
So, what’s your plan? Sit back and watch as things change? Have the struggles become overwhelming? Work harder and hope that employee loyalty will prevail? Or be proactive, realize the new circumstances and needs of your staff and deliver what is required to succeed? Business has always been about adapting and adjusting, falling and getting back up, and as an entrepreneur, you’ve done it before. What may be the big difference today is that it is happening faster than anyone expected. Keep up with the pace, make swift decisions and move on toward achieving your goals. You can do it!
“An organization’s ability to learn and translate that learning into action rapidly is the ultimate competitive advantage.” – Jack Welch