Adopting Change in the Business Arena Essay

Exclusively available on Available only on IvyPanda®
This academic paper example has been carefully picked, checked and refined by our editorial team.
You are free to use it for the following purposes:
  • To find inspiration for your paper and overcome writer’s block
  • As a source of information (ensure proper referencing)
  • As a template for you assignment

Alan Cohen opines that courage is required when letting go of what is familiar and embracing the new. In the business arena, letting go of traditional practices and adopting change is often met with scepticism yet it can yield significant benefits. Change in an organization occurs in different forms and refers to any alteration in the usual strategies, procedures, cultures, or structures (Fløvik et al., 2019). Such change can be deliberate with the aim of attaining a certain goal or may be enforced by the business environment. Admittance to change gives room for new ideas and practices that will spur growth to come into play. When a business entity blocks the avenue through which change occurs, then opportunities for growth are also being shut down.

While change is often met with resistance, it is inevitable in any given work environment. Consequently, businesses should be prepared for change and the discomfort that it may cause for the sake of the accompanying long term benefits. In any given business environment, change is necessary in the development of competitiveness in a dynamic labor market. Changes have to be made both internally and externally through effective change management practices such as training and development (Sartori et al., 2018). While it may feel secure to keep holding on to familiar matters, change is unavoidable in the business environment and it allows for less meaningful affairs to be releaased.

However, embracing change should only be done after careful consideration. The pros and cons of change should be weighed and be directly aligned to an organization’s purpose and values (By, 2020). Acknowledging change should be a matter of careful consideration so that it can yield maximum benefits. Going back to Alan Cohen quote, change is an inevitable and necessary part of the business journey, but one that has to be carefully calculated and considered.

References

By, R. T. (2020). Organizational change and leadership: Out of the quagmire. Journal of Change Management, 20(1), 1-6.

Fløvik, L., Knardahl, S., & Christensen, J. O. (2019). Frontiers in Psychology, 10. Web.

Sartori, R., Costantini, A., Ceschi, A., & Tommasi, F. (2018). How do you manage change in organizations? Training, development, innovation, and their relationships. Frontiers in Psychology, 9, 1-11.

More related papers Related Essay Examples
Cite This paper
You're welcome to use this sample in your assignment. Be sure to cite it correctly

Reference

IvyPanda. (2023, March 22). Adopting Change in the Business Arena. https://ivypanda.com/essays/adopting-change-in-the-business-arena/

Work Cited

"Adopting Change in the Business Arena." IvyPanda, 22 Mar. 2023, ivypanda.com/essays/adopting-change-in-the-business-arena/.

References

IvyPanda. (2023) 'Adopting Change in the Business Arena'. 22 March.

References

IvyPanda. 2023. "Adopting Change in the Business Arena." March 22, 2023. https://ivypanda.com/essays/adopting-change-in-the-business-arena/.

1. IvyPanda. "Adopting Change in the Business Arena." March 22, 2023. https://ivypanda.com/essays/adopting-change-in-the-business-arena/.


Bibliography


IvyPanda. "Adopting Change in the Business Arena." March 22, 2023. https://ivypanda.com/essays/adopting-change-in-the-business-arena/.

If, for any reason, you believe that this content should not be published on our website, please request its removal.
Updated:
Privacy Settings

IvyPanda uses cookies and similar technologies to enhance your experience, enabling functionalities such as:

  • Basic site functions
  • Ensuring secure, safe transactions
  • Secure account login
  • Remembering account, browser, and regional preferences
  • Remembering privacy and security settings
  • Analyzing site traffic and usage
  • Personalized search, content, and recommendations
  • Displaying relevant, targeted ads on and off IvyPanda

Please refer to IvyPanda's Cookies Policy and Privacy Policy for detailed information.

Required Cookies & Technologies
Always active

Certain technologies we use are essential for critical functions such as security and site integrity, account authentication, security and privacy preferences, internal site usage and maintenance data, and ensuring the site operates correctly for browsing and transactions.

Site Customization

Cookies and similar technologies are used to enhance your experience by:

  • Remembering general and regional preferences
  • Personalizing content, search, recommendations, and offers

Some functions, such as personalized recommendations, account preferences, or localization, may not work correctly without these technologies. For more details, please refer to IvyPanda's Cookies Policy.

Personalized Advertising

To enable personalized advertising (such as interest-based ads), we may share your data with our marketing and advertising partners using cookies and other technologies. These partners may have their own information collected about you. Turning off the personalized advertising setting won't stop you from seeing IvyPanda ads, but it may make the ads you see less relevant or more repetitive.

Personalized advertising may be considered a "sale" or "sharing" of the information under California and other state privacy laws, and you may have the right to opt out. Turning off personalized advertising allows you to exercise your right to opt out. Learn more in IvyPanda's Cookies Policy and Privacy Policy.

1 / 1