When it's time for change in an organization

Brought to you by the Villanova School of Business

Business moves fast, and embracing change is crucial to achieving a successful career. A professional must be ready to adapt to new strategies, technologies and challenges. Leaders in growing organizations need to stay up-to-date on the latest developments in their industry and the flexibility to adapt.

Earning an online MBA equips graduates with the skills they need to excel in a constantly shifting business environment. Drawing on insights into strategic management, data-driven innovation and operational excellence, professionals are ready to push their companies forward, finding opportunities in the changes to come.

Finding room for improvement

Change is inevitable as businesses react to new technology, developments in the labor market and emerging competition. When setting goals, leadership must take these eventualities into account and determine the best methods to sustain expansion. By consistently aiming for operational excellence and striving for measurable improvements, organizations find benefits for the customer experience and their own bottom line.

Operations managers and other leaders are always looking for ways to make processes more efficient and reliable. These initiatives can free up time for managers, allowing them to focus less on solving daily problems and more on exploring new ideas or making products better. When issues do arise, employees know how to react to keep manufacturing or services moving ahead with minimal delay. Improving operations means streamlining how a business functions and enabling long-term growth.

Changes in the Workplace

While optimizing a business, leaders should consider the impact any shifts will have for personnel and workplace culture. Determining a systematic approach to change management and applying it throughout an organization makes a business more resilient and agile.

Transformation starts with determining a plan for the future, and communicating fresh priorities and initiatives to everyone involved. The soft skills of relating to others and marshaling a team for a common purpose are as vital as a robust strategy. Leaders at all levels of an organization have important roles to play in making a thoughtfully calibrated transition a reality.

A gradual rollout that occurs in discrete phases while keeping workers in the loop minimizes anxiety and helps everyone adapt. Employees should feel actively involved in implementing the next steps and understand why they are necessary.

Anticipating what comes next

Big data has presented major implications for almost every area of how organizations function, and Harvard Business Review predicted that analytics will increasingly influence the way companies manage change. Establishing a quantitative model for enterprise-wide transformation will help companies make successful operational shifts and evaluate progress. With big data incorporated into change management, leaders can gain greater insights into what ideas are yielding worthwhile return on investment and decide how to proceed.

Realizing the possibilities for optimizing changes through analytics is an undertaking that calls for advanced expertise and robust data-modeling tools. With the right data on their side, leaders have the business intelligence to propose forward-looking transformation and track the results.

How education makes more agile professionals

As the pace of global business continues to accelerate, online MBA programs offer the education to meet the demands of change head-on. Students focus on projects that address real-world problems, discovering how to work with a team to take on day-to-day challenges. They learn about the strategic advantages offered by technology and gain experience in analyzing relevant data.

At Villanova University, online MBA students learn from leading minds in the field, discovering an approach to management that encourages innovative thinking and exploring new approaches to business challenges. Graduates are prepared to drive transformation in their organizations, constantly keeping an eye out for ways to boost efficiency and enhance results. Visit the program page to explore what Villanova School of Business has to offer and find out how you can apply.

    Recommended Readings:     Sources:  

https://www.strategy-business.com/article/rr00006?gko=643d0

https://www.forbes.com/sites/groupthink/2017/08/15/the-4-dos-of-change-management/#2dd540399c5e

http://sloanreview.mit.edu/article/big-data-and-big-change-management-a-path-forward/

http://smallbusiness.chron.com/importance-operational-excellence-business-25018.html

https://hbr.org/2017/07/data-can-do-for-change-management-what-it-did-for-marketing

https://www.inc.com/encyclopedia/operations-management.html