“It’s only when you start to really press CEOs on precisely what is the purpose of their business that you realize that they often do not have a clear notion of it,” says Colin Mayer, a professor at the Saïd Business School at Oxford University. “Or it often does boil down — in the case of publicly listed companies — to something about profit, rather than about companies producing goods and services that benefit us as customers and communities and, in the process, producing profits.
”Developing a shared sense of meaning inside an enterprise and communicating what the company stands for and "why" it is in business to the external world is a powerful tool for shaping culture, driving innovation, and creating a sustainable organization. This job of “creating meaning” for an organization is one of the most important functions a leader has.
As stated by Majdi B. Abulaban, president of Delphi E/EA, Delphi Engineered Components Group & Delphi Asia Pacific: “If you are in business, you will face disruption and change. Find meaning in what is happening around you. Only then can you explain it and have people embrace it with a common purpose. Only then can you reinvent yourself.”
Would you like to look into this topic more seriously and investigate the opportunities that exist for your organization?Then reach out to us and we will be pleased to discuss this and other tactics that can help you attract and retain next-generation talent to your company.
Discover six essential software used by change management consultants to facilitate organizational transition !
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Navigating the winds of change in healthcare requires more than just intention; it demands a strategic, structured approach to transition from the current state to a desired future, ensuring enhanced patient outcomes, operational efficiency, and service quality. This article delves deep into the essence of change management within healthcare, exploring critical strategies, common challenges, and the pivotal role of leadership in fostering environments receptive to innovation.
How to achieve cultural transformation in healthcare with effective change management strategies. Learn from the experts and revolutionize your organization.
