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Business Change Management

Business Change Management

Change is Coming...Are You Ready?

On Oct 19, 2017 7:00:00 AM

/ Andrea Simon

Categories: Managing change, business change, vistage


A terrific Vistage International colleague of mine, Elisa Spain, published this insightful and very timely blog about the best way to respond to disruptive change. (Hint: it's not to run and hide.) I re-post it below but you can also read it here.

Vistage economist, Alan Beaulieu, CEO of ITR, issued a simple warning in recent days: “It’s been a good year, but there is a change coming,” he said. “Things are going to slow down.”

For those of us who follow ITR, we know the recession Beaulieu expects next year is one that he’s been forecasting for some time. To be clear, he is forecasting a normal cyclical downturn, not a deep recession.

Beaulieu expects the modestly improving economic climate will continue until February, but, he expects the U.S. industrial production index to peak in the second month of 2018. When that happens, look for things to taper off the rest of the year before turning more sharply downward in 2019.

And, here is Beulieu’s most important message, “When the downturn happens, smart company executives will use the slowdown to invest in your business, from equipment to ERP systems, from talent to technology.”

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5 Ways To Make Your Team Awesome Agents Of Change

On Jun 9, 2017 11:00:00 AM

/ Andrea Simon

Categories: Healthcare, Managing change

Simon Associates Management Consultants (SAMC) does a lot of work with healthcare clients, and over the years, we've become adept at spotting trends while we're out in the field. What we've been noticing lately is something that, frankly, we find rather troubling.

What we're hearing firsthand from a number of healthcare leaders is that these fast-changing times are posing serious challenges for them. As I explain in my recent article in Hospital Impact, CEOs are feeling enormous pressure to reduce costs, improve quality, change care delivery, reduce readmissions, focus on the population’s health, concentrate on the individual’s utilization, and on and on. (You can read the article here.)

Are you feeling intense pressure to change, too?

As I say in my article: "It doesn’t matter if it is a hospital or a multi-specialty group of doctors joining a new healthcare system. The demands upon leaders and staff to change is proving overwhelming." 

But diametrically opposed to these demands is the fact that our brains hate to change. Learning new things is just hard, meaning that old ideas and ways of doing things often survive long past the time when they make any sense or add much value. The result? In the blink of an eye, an organization can find itself drastically behind. 

The times they are a-changin’. What to do?

New ways of working involving new policies and procedures. Here are five steps to help start your company's change process and keep it going:

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Are You At Risk Of Being Slammed By Disruptions?

On May 8, 2017 1:19:54 PM

/ Andrea Simon

Categories: Emerging Trends, Change Management, Managing change

I recently published an article on huffingtonpost.com which I thought you would find valuable for your business, particularly if you're a mid-market company worried about fast-approaching future trends and whether you're ready for the disruptions they will cause. I reproduce it here:

Why Are So Many CEOs Afraid Of The Future?

We might agree with Thomas Friedman as he writes in his book “Nothing in life is to be feared, it is only to be understood. Now is the time to understand more, so that we may fear less.”

But I have been listening to, watching and working with CEOs in middle market companies that are, quite honestly, just afraid of the fast pace of change confronting them and their businesses. What I see are CEO’s literally afraid of the future. They seem unclear about what is going to “disrupt” them. All too often, they don’t even know whom to trust.

I thought I would share what I am seeing. Perhaps some of the ideas might offer lessons to learn. Careful you aren’t the proverbial “deer in the headlights” frozen by what is coming.

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10 Steps For Managing Change in Fast-Changing Times

On Mar 18, 2016 7:00:00 AM

/ Andrea Simon

Categories: Managing change

In these highly turbulent times, the old saying really is true: the only constant you can count on is change. But even when change is necessary to survive, why is it so hard? So painful? It's much easier just to keep doing things the same old way, even when that way is obviously no longer working. The big problem with that kind of thinking is that when you continually resist change, you risk being left irretrievably behind by your competitors, your customers and the world.

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