Unexpected in Business: Ride the Waves of Change

The adage ‘change is the only constant’ is especially true in business today. With technology disrupting entire industries overnight, businesses have their sights set on doing what it takes to stay current and relevant. The question on everyone’s mind is, “how do I keep my business safe from becoming obsolete?”. As a leader, you need to keep your sights on the horizon – anticipating the unexpected and preparing for it.

There are many ways and forms in which uncertainty will come at you. Technological updates affect product’s viability and impact business models. Do you still wear a watch to check the time? Do you still use an actual calculator? Are you going to personally deliver every purchase to make up for personality while your competition is out there using drones to deliver the new iPhones to its customers?

There are also different scales of uncertainty. Changes in the global business environment – recessions, expansions, change in governance, for instance – could impact the way your company does business. On a smaller scale, uncertainty could even arise from within your company. When your company’s finances are mismanaged, the technology being used is outdated, management is inefficient, or you lose skilled employees, you might find yourself in the deep end of uncertainty.