Change Part 2 – Drivers Of Change

When I started this blog series two weeks ago, I gave a brief introduction to change, both natural, and human initiated. I rounded off the last post with the two broad types of change; natural and induced, the primary purpose of human life; which is to be happy, and that the main objectives of human induced change are to eliminate the bad and increase the good. Today let us look at drivers of human induced change.

Why do we induce change in what appears to be a perfectly functioning system or a company or a process? After all we are all comfortable in the state of affairs and everyone seems to be going about their jobs, so why change? There are numerous reasons why change must happen, such as survival, better revenue, better profits, better employee engagement, accessing new markets, reducing inefficiencies, reducing wastage, reducing losses, reducing reworks and so forth.

However, today is about specific factors (what) that trigger this change. There are a lot of different factors out of which, we will specifically, and briefly look at four.

  1. Market

When I say market, I look at it as not just a place to which we sell, but also a place from which we buy. So, how does the market drive change in our organisations? This is by far the easiest of change drivers, when we look at the part of the market to which we sell. When the market needs different things or new things, we must respond to this demand. For example, with demands for Electric Vehicles (EVs) going up, most of the major automakers have responded to this demand.

  1. Technology

When the first industrial revolution happened, our machines were powered by water and steam. Along came electricity, which presented a paradigm shift in technology. What did we do? We changed! We changed how we power our machines. Then came computers, and they brought CNC programming. Today, we live in an era of superfast broadband speeds and an abundance of information flow. Welcome to the Fourth Industrial Revolution! Be ready for change at 5G speeds!

  1. The Unexpected

Eighteen months ago, who would have predicted the state of affairs today? A virus that allegedly came out of Wuhan in China would turn the world upside down. Things that were once unthinkable are now the norm. Whilst this is not a good example, let us talk about the very first iPhone, which came out in 2007. It changed the way we communicate.

  1. Regulatory and Legal

Finally, regulatory and legal compliance present another driver of change. For me, there is a distinction between legal and regulatory. Legal means law of the land, in the countries that companies operate. Regulatory means standards set out by the industry sectors. These are challenging, even more so because they are mandatory, and they necessitate change. Let me make my case with one abbreviation: GDPR.

To summarise today’s post, four drivers of change (amongst many others) are:

  1. Market
  2. Technology
  3. The Unexpected
  4. Regulatory and Legal

Next week, we look at the first steps of how to initiate and lead change effectively.

To know more about how the clever folks at Equitus Engineering Limited can help you initiate and lead change effectively, get in touch!

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