Question

Would you agree with this statement? Please explain why or why not.

Managers now HAVE TO EMBRACE CHANGE. Years ago the business world was an old boys club with the mentality that “this is how we have always done things and this is how we will continue to do them”. That mindset is death in today’s market. If you’re not learning, changing, and growing you’re dying. Managers must always keep their thumb on the pulse of what is new and innovative, they have to know what is going on so they can anticipate the future.

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Answer 1

The modern business environment is very dynamic, changes in the business world are taking place at a rapid rate. The COVID-19 pandemic outbreak might have brought the latest package of changes to businesses all across the globe. So an organization must be ready to absorb the changes there in the business environment. Organizational changes will not be possible in the modern world without the involvement of managers. So the managers must be the torchbearers of the change movement because the organizational change could be initiated only with the help of a change embracing mindset of a manager. The following are the reasons why a manager must embrace change.

• The technological changes are taking place at such a speed, so the manages must open their hearts and minds to absorb the changes that take place in the technological environment.
• Customer tastes and preferences are changing so a manager must put effort to bring out products and services that satisfy customer expectations.
• Change is an avenue for organizations to find new business opportunities.
• Economic conditions may not be similar always, there will be calm and turbulent times in the business world.

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