Joshua. The kind of transformation we are experiencing in business today isnt easy for university of rochester essay anyone, he wrote. Although the question about how fast companies need to respond to technology-induced change is complicated, we asked Michelman to address Pavones comments. Responding to a recently published essay, a reader pushed back against the view that managers must prepare for radical and rapid change in a digital world; he argued that this position may be overly alarmist.
One MIT SMR subscriber had a different view. Read the Full Article:,. About the Author, bruce Posner is a senior editor at MIT Sloan Management Review.
So how does this jibe with Michelmans view? Survey, for example, found that executives of companies in industries such as telecommunications and media and entertainment sensed greater instability than those in, say, basic materials. Advertisement, in a recent short essay titled. Winning companies, Pavone offered, mind their knitting and may often do what their competitors do but do it measurably better. However, once you accept the truth that change is ongoing, change becomes more about opportunity and less about challenge. Pavone further argued that, for the most part, organizations that require radical anything are failures to me because they havent kept the pulse of their customers, havent benchmarked their competitors, and havent stayed in tune with the tools that allow them to do things better. Gans, author of a 2016 MIT SMR article titled. Its true that pressures to change dont affect every industry with equal force. Given the rate of change and the extent to which business environments are shifting as a result of digital technologies, Michelman noted that its helpful for businesspeople to accept change as a constant.