Question

Thinking about the material presented this week, what are the implications for the future with which business should be concerned today? What are your ideas for overcoming these future issues? Discuss strategies to tackle the resistance to change you might experience.

Answer 1

The current concerns for future that have an implication on business practices can be considered to be the factors of global expansion, sustainable practices as well as deeper integration into technology with business as standard and not optional. This is because a company, no matter how big or small would benefit greatly from the use of state of the art machines that can do the same amount of work in lesser amounts of time as well as at cheaper prices, there are also risk factors such as the need to create sustainable business practice., We can see that businesses tend to not focus on the impact their business activities have over the environment they owe it to the environment they are a part of as well as have a social, moral and ethical responsibility towards it. This is why a business should try and adopt lean practices and sigma six methodologies in order to create systems with less amount of wastage. Finally, the need to operate in a global market due to increasing competition has future implications for business if they need to remain competitive, profitable and still have an edge.

The strategies to tackle change resistance can be proper management and delegation, employee engagement, forming policies and plan that work in the best interests of everybody and not just particular people. Using this information, people can essentially tackle the change resistance that they get as well as improve their own position in the process.