3 Benefits of Welcoming Change in the Workplace
Thursday 03 June 2021
Although we often associate organisational change with uncertainty and discomfort, this period of growth moves us towards a more agile, responsive and successful company. Here are three research-driven benefits of embracing change in the workplace.
Without change, we find ourselves falling behind the growth curve and missing out on opportunities to outperform competitors. Transforming the way we work and how we deliver value can breathe fresh ideas into outdated workflows. Studies show that companies with innovative cultures are twice as likely to expect double-digit growth than firms that are less willing to change. Here are five leadership qualities needed to support such transformations successfully.
Organisational change opens growth prospects not only for the business but for its people, too. Opportunities to nurture skills and talent will emerge to benefit the new direction of the firm. Teams can adopt a paradox mindset to develop unique problem-solving tactics – a concept used to fuse together two contradictory ideas. Recent research shows that 35% of paradoxical thinkers found the correct solution when it comes to day-to-day problems compared to only 21% of the control group – a significant difference considering the simplicity of the tasks.
When an organisation and its members can adapt quickly to the changes in their environment, they can withstand many challenges ahead, establishing themselves as industry leaders, not followers. For example, Spotify, a Swedish audio streaming service, quickly adapted to the changes in consumer behaviour during the COVID-19 pandemic. Traditionally known for their music, Spotify moved swiftly into podcasts, investing in everything from cooking talks to expert Q&As to deliver value to their listeners. This adaptability positioned Spotify well above the curve.