How can a business embrace change

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Businesses must be able to benefit from change. We explore the importance of adapting to change in a business. What are the benefits of change in the workplace. Changes in business can be necessary due to external and internal business risk factors. Not all change has to be major. Small incremental changes, combined, can be more effective and beneficial to your business than giant leaps. Constant major changes can also be counterproductive.

  • What are the negative effects of change in business?
  • What are the positive effects of change in business?
  • Learn how to embrace change and innovation in your company.

Today’s organisation’s must embrace change to survive and prosper. Ensure your business has a culture of looking at change as an opportunity to improve not something to fear or resist. Explain the importance of accepting change positively to your employees and customers.

  • Employees will develop new skills which will make them more valuable to you but also more valuable in the marketplace.
  • Employees will have new opportunities to be more creative in alignment with new business objectives so both can navigate choppy market conditions.
  • Employees will become more engaged with and committed to your business as their ideas will help grow the business and their role within the business.

Sell the benefits of a constantly changing business to your employees so they can help you not run away from your business.

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Developing creativity and innovation in business

More Innovation Grows More Success In Business: Do you want to survive in business?

Why should businesses embrace change?

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We look at why change is important. Explain the importance of accepting change positively. Not forgetting both the negative and positive effects of change in the workplace. Control the negative effects of change while enhancing the positive effects of change.

Embracing change means embracing failure. Not all changes will be successful. However if employees feel that their ideas and failure of ideas will be accepted without recrimination and even rewarded, you will find the gems in the rough that will boost your business development.

You need and plan and a process to filter the ideas. Your plan needs to engage all levels of your organisation not just the management team.

Embracing change will help your business find and develop new ideas and opportunities to grow faster. Change in business is inevitable so why not embrace it positively at all times to get the best out of it and mitigate anything bad about change. Embracing change is essential for the future success and growth of your business so adopting a culture and a habit of embracing change will supercharge your growth. Change will no longer threaten your survival in business.

What are the benefits to customers when a business changes?

Adapt your business and embrace change to benefit old and new customers. A culture of embracing change and a process for managing risks of change will lead to more satisfied customers as well as more engaged workforce.

Guide To Enterprise Risk Management ERM
Guide To Enterprise Risk Management ERM

How can you promote the benefits of change?

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Business Leadership Articles

Much innovation is born out of necessity – for example during times of war. The COVID period maybe our time of war. It as certainly led to the worst economic period for several hundred years including from two world wars. What we can learn from Abandoned Engineering on Yesterday Channel is that our forefathers have invested incredible amounts of money and energy in ideas that failed for various different reasons. If you want your business to be resilience regardless of the economic environment you need to adopt the right risk management strategy to give your business the best chance of surviving in all economic weather. We may think we have been unlucky. However, all previous generations have had their challenges. Our challenge is to be innovative, creative and resilient no matter what is thrown at us.

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The opportunities for increasing retail-based business income remain huge for innovative retailers looking to the future not to return to past

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How can a business embrace change

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Developing A Positive Health and Safety Culture

BusinessRiskTV on promoting a more positive safety management culture in the UK. Good safety management practices can improve business performance. Understanding how to manage safety risks better will help business leaders understand how their business is working in areas that are not safety related.

Benefits Of A Positive Health and Safety Culture

Successful businesses have positive risk management cultures including positive safety management systems procedures and processes. Good businesses tend to have good safety management systems.

Promoting good health and safety culture is about changing attitudes at all levels of the organisation from the top down. Changing behaviour begins with changing attitudes to risk and everyone has to take responsibility for safer working environment.

Just as managers and co workers can facilitate or encourage poor safety practices, managers and co workers can promote better safety management practices.

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BHP Billiton Samarco Dam Disaster

Executives Charged With UK Equivalent Gross Negligence Manslaughter

BHP Billiton’s mine Samarco dam collapse resulted in multiple fatalities and billions of dollars of penalties and compensation payments. Now the executives responsible for running the mine face jail.

BHP Billiton were co-owners of the mine, when a waste water dam collapsed on 5th November 2015.   The local community were swamped by mud in Brazil’s worst environmental disaster.   The mud also destroyed the habitat for fish and drinking water for the communities nearby.   It may take more than 10 years to recover the area to it’s pre-disaster condition.

It is alleged that those responsible for running the mine were aware of the risk of the dam collapsing but ignored the risks in pursuit of profit.   The dam collapse has echo’s of the Aberfan disaster in Wales when waste products slid down the mountain to kill mainly children 50 years ago.   The risks then were also known but the warnings from the local community were not heeded.

21 people are in the dock facing homicide charges after the mine disaster in Minas Gerais including Americans, Australian, South African, Frenchman and British person.   The CEO of Samarco, iron ore producer, is one the accused.   19 people died in the disaster.   The firms who employ those charged say they will defend their staff and deny they pursued profit regardless of safety implications.

21st September 2019 Feijão Dam Disaster

Brazilian federal police proposed criminal charges against mining giant Vale and German safety firm Tüv Süd and 13 of their employees over dam collapse.

Police say both firms used falsified documents that said the Feijão dam was stable

At least 248 people were killed. The collapse was Brazils worst industrial accident. Twenty two people are still missing.