10 Oct 2022

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New Directions: How The Company Can Move Forward

Format: APA

Academic level: Master’s

Paper type: Assignment

Words: 590

Pages: 2

Downloads: 0

The company needs to improve and be prepared to move in any direction that the market swings it towards. If there are no clear definitions based on the ability to adapt to new ideas or demands, the company will be left stranded in a position that tears it down financially. For instance, new clients mean that the company is growing. Every person who is willing to do business with the company is an extension of its operations ( Heifetz, et al., 2009) . The goal of expansion should not be scary when it has to be realized. The company must know that new business opportunities mean a new way of doing things. In that capacity, every management level needs to be ready to tackle new challenges that present themselves and be ready to embrace change. 

For the company to move forward, employees must be given a degree of openness when change is inevitable. Such change might include leadership handovers, mergers, and acquisitions as well as the introduction of new products and services in the market by the company. The management as a whole must take a backseat and reflect on how the company is doing and reflect on new strategies that can be followed when adopting new ways of doing things ( Sanders, 2010) . As adapting incorporates a new environment and a new way of doing things, it is hard to prepare for it. Adaptive challenges are hard to address as they require the adoption of new ways of doing things ( Heifetz, et al., 2009) . As such, the company should not be rigid by leaving all decision-making duties to its top management. Employee input must be put into consideration to ensure a smooth transition. 

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Employees in the company must be aware that their work environment can change with little or no notice. As such, all employees must be alert and know that their career goals can change abruptly especially when new management takes over. Employees who are caught off-guard become a liability to the company in that their ability to perform at the best of their levels is compromised which might be a financial problem for the company ( Sanders, 2010) . 

Adaptive challenges leave the future obscure as they cannot be planned for in advance ( Grashow, A., Linsky, et al., 2009) . A lack of immediate solutions to challenges means that a company has to adapt to survive. At the same time, the process of evolution in business is gradual. A company has to learn of its past and track its progress to plan for the future ( Sanders, 2010) . There is no company out there that does not know that modern markets are unpredictable. At the same time, such markets do not always play in favor of the company. As such, the need to push further when change is needed should be emphasized. A company that is caught off-guard will be left with more problems to handle than it had before. 

All business environments are challenging. We have learned that adapting to challenges that do not have immediate solutions is the best way that a company can survive ( Heifetz, et al., 2009) . A person who is part of the company has to evaluate their way of doing things and adopt new ones. For instance, one must learn the demands and extent of new situations. By having a defined way of doing things such as the ability to diagnose situations and come up with guidelines helps a person become better ( Heifetz, et al., 2009) . As employees are a part of the company, being able to read situations and plot guidelines on how to handle situations can help the whole company remain afloat. Leaders at the top of the company’s management should remain focused and open-minded to allow for quick decision-making processes. 

References 

Grashow, A., Linsky, M., & Heifetz, R. (2009). The practice of adaptive leadership . Boston, 

Massachusetts, Harvard Business Press. 

Heifetz, R. A., Heifetz, R., Grashow, A., & Linsky, M. (2009). The practice of adaptive 

leadership: Tools and tactics for changing your organization and the world . Harvard Business Press. 

Sanders, M. G. (2010). The practice of adaptive leadership: Tools and tactics for changing your 

organization and the world. Personnel Psychology , 63 (1), 255. 

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StudyBounty. (2023, September 16). New Directions: How The Company Can Move Forward.
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