Paradigms

Disappearing Professions

Professions, such as accounting, medicine, and architecture are at a crossroads. All professional cartels are disappearing. These professions were once thought to be the road to riches or the lifetime meal ticket. No more! They’ve changed unalterably due to competitive pressures, cost pressures, social attitudes, business habits, and technology. For example, accounting is changing because …

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Creative Destruction

Forward leaning companies believe in ‘creative destruction.’ Peter Drucker, the dean of management gurus, calls it ‘organized abandonment.’ It’s a tough process. “The change leader puts every product, every service, every process, every market, every distribution channel, every customer and every end use on trial for its life,” says Drucker. [i] If we agree that …

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Early Warning Signs of Impending Change

Changing competitive environment Deregulation Low internal and external customer satisfaction Low profit margins Poor quality, cost, or product development performance Slow or very fast company growth Mergers, acquisitions, reengineering, or other organizational transformations New external management Resistance to change No top level management commitment Inflexible organization Strong departmental silos Poor intra and inter organization communications …

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