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The Quintessential Survival Guide in the Corporate Quagmire! | |
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Understanding How Change Has Changed
There seems to be an assumption that change is a single traumatic event that is thrust upon us and over which we have no control. In the recent past this was definitely true, in industry there would come a sudden realisation at the end of the financial year that unless we did something radical we were going to the wall. The huge and destructive changes that then occurred fitted this model. In 1936 Kurt Lewin suggested that change be divided into three phases: Unfreezing This finite process with a beginning middle and end is dated in a climate that is today too dynamic to allow us the luxury of such a mechanistic process. Our competitors, our industry and our technology are changing so quickly that we must change constantly to keep up. If we have to stop to make a change we will be lost. Kurts proposition is an indication of how much our understanding and use of change has developed. The difference is between the assumptions made then and what is actually happening now, years later. Change is now accepted as a part of the way we need to react to continue to stay competitive. For the most part it is still administered in large indigestible lumps and for the most part we still have no control. Today we are going to the next level. The process of change itself must become dynamic. The only way this can be achieved is to make change part of our daily expectation. Every day we must consider how to improve and that is not possible unless the environment is created that allows us to want to get better at what we do. How to change to that environment is the key. When the workforce becomes involved in the change instead of having it thrust upon them their ideas are respected and used, the resistance to change disappears. We create a workforce that is powerful and valuable, who are proud of their ability to improve the performance of their organisation and constantly seek new ways to personally add value. This sounds like a fantasy based on a plot for the perfect organisation which we know will never be recreated in reality. Except that this fantasy is already a reality. The model created by Ricardo Semler in Semco demonstrates not only how socially right creating ownership is, it is also unequivocal proof of the financial return that accrues when the workforce are allowed to take ownership. Peter A Hunter
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Democrats propose 6-week cut in jobless benefits (AP) AP - House-Senate negotiations on extending jobless benefits and a two percentage point cut in the payroll tax remained stalled Thursday, despite a proposal in which Democrats urged a modest six-week cut in the maximum time unemployed workers can receive jobless benefits. Jobless claims drop brightens labor market picture (Reuters)
South Africa plans big infrastructure campaign (AP) AP - South Africa's president announced ambitious infrastructure projects Thursday, laying out his plans for creating jobs and hope in nation harder hit than most in Africa by global recession. White House to promote more positive jobs outlook (AP)
White House lowers "stale" jobless forecast (Reuters) Reuters - President Barack Obama will forecast a U.S. unemployment rate averaging 8.9 percent in 2012 in his annual budget on Monday - but before the document was even released a top aide called the projection "stale" and said it should be lower. Wholesale inventories rose 1 percent in December (AP)
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ECB opens door to indirect Greece aid (Reuters) Reuters - European Central Bank President Mario Draghi opened the door on Thursday to helping Athens indirectly after Greek politicians finally signed up to an austerity package following days of dither and delay. Bank of England pumps more cash into economy to support recovery (Reuters) Reuters - The Bank of England voted to inject more cash into the economy to shore up a fragile recovery and shield the country from fallout from the unresolved euro zone debt crisis. Cuts drive Greek unemployment to record high (Reuters) Reuters - Greece's jobless rate rose to a fresh record of 20.9 percent in November, highlighting the pain imposed by austerity on ordinary Greeks as the country negotiates a new pain-for-gain package with its EU and IMF lenders. Big media buy back shares with cable TV cash (Reuters) Reuters - Big U.S. media companies bought back record amounts of their own shares in the last year, with cash generated by cable television networks that drew strong viewership and advertising dollars despite the economic uncertainty. Natural gas price up on production cuts (AP)
China inflation spike pricks policy easing expectations (Reuters) Reuters - China's annual inflation spiked to a consensus-busting 4.5 percent in January as spending jumped during the Chinese Lunar New Year holiday season, breaking a five-month softening trend and forcing a market rethink of policy easing expectations. Hard-hit Californians more optimistic about economy (Reuters) Reuters - Two thirds of Californians believe their personal financial situation will improve in the next 12 months, a sign that residents in one of the hardest-hit states in terms of unemployment and foreclosures are becoming more optimistic about the U.S. economy, according to a survey issued on Thursday. Obama: Europe needs "absolute commitment" on debt crisis (Reuters) Reuters - President Barack Obama said on Wednesday Europe must not flinch as its leaders confront a raging debt crisis that he acknowledged could do real harm to the U.S. economic recovery. Split verdict for corporate espionage suspect (AP) AP - A judge convicted a Chinese-born American Wednesday of stealing trade secrets but acquitted her of more serious charges of economic espionage at a trial that highlighted persistent fears about China pilfering vital information from U.S. companies to bolster its own economy and military. Chinese espionage cases touch DuPont, Motorola (Reuters) Reuters - U.S. prosecutors expanded a criminal case over the alleged theft of industrial secrets from chemical giant DuPont , securing an indictment against a Chinese company on economic espionage-related charges. A look at economic developments around the globe (AP) AP - A look at economic developments and activity in major stock markets around the world Wednesday: Builders group sees pickup in housing this year (AP) AP - The U.S. housing market will begin to mount a turnaround this year, building toward a solid recovery in 2013, according to a forecast issued Wednesday by the chief economist of a homebuilding industry trade group. |
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