Change is inevitable. With a wave of change, you either change or let it change you. In the words of Lao Tzu, life is a series of natural and spontaneous changes. Don’t resist them; that only creates sorrow. Let reality be the reality. Let things flow naturally forward in whatever way they like.
In the world of business, it is about adapting to changes. Business models are changing with each passing day and it is only through sticking your neck out of the herd that one can be able to see the change and draft ways to adapt to it.
The coming of technology has really changed business trends. What was a week ago might not be the same today. Businesses that tried to resist the wave of change are being faced out of business and those that did adopt are scaling the heights.
Technology is the new change and it takes no prisoners. One is either in or out. There are no ways about it. Without technology and adapting to changes, is like smiling at a very beautiful lady in total darkness and expecting her to smile back.
Change is about mindset and thoughts. In business, if your thoughts and mindset cannot catch up with time, you will be eliminated.
The story of the East African Portland Cement came as shock to many. The company announced that it was going to fire 100 percent of its workforce to cut on costs. Which business fires all the employees without any backup plan? How can a cement company close down at the time the construction sector in Kenya is at its best? Simple. They resisted change and now change caught up with them. They have no other option but to be eliminated.
During the press conference to announce NOKIA being acquired by Microsoft, Nokia CEO ended his speech saying this “We didn’t do anything wrong, but somehow, we lost”. Upon saying that, all his management team, himself included, broke down in tears. It is painful to be eliminated from existence without knowing why you are being eliminated.
Nokia is a respectable company. They didn’t do anything wrong in their business, however, the world changed too fast. Their opponents were too powerful. They did not change their mindset to adapt to change. They refused to see and catch up with time.
Nokia missed out on learning, they missed out on changing, and thus they lost the opportunity at hand to make it big. Not only did they miss the opportunity to earn big money, but they also lost their chance of survival.
You probably have heard about the story of National Bank and KCB Group. National Bank is performing dismally and wants to wind up the business. KCB Group has offered to buy it in a share swap. National Bank is going down for resisting change and a wave of automation that is sweeping across the banking sector in Kenya.
To embrace change in business, you have to stop tolerating mediocrity. When you tolerate mediocrity in others, your mediocrity increases too. A fact that many business people don’t want to hear.
An important attribute in successful people is their impatience in negative thinking and negative acting people. The more you grow, the more you will realize that your associates change.
Some of your friends will never want you to go on. They will always want you to stay where they are. Remember, friends that don’t want you to climb up the ladder will want you to crawl.
Your friends will stretch your vision or choke your dream. Those who don’t increase your opportunity to succeed will finally decrease you.
Never seek counsel from unproductive people. Never discuss your problems with someone incapable of contributing to the solution because those who never succeed themselves are always first to tell you how. Not everyone has a right to speak into your life. Remember that not everyone has a right to speak into your life.