In the modern workplace, approximately 70% of change initiatives do not succeed. Entrepreneurs face unique challenges during these times of rapid change. Despite the stress, change can bring positive outcomes by facilitating business adaptation and talent development. Entrepreneurs can influence team response to change using proven methodologies. Collaborating with the Association of Change Management Professionals, a change management model integrating coaching has been created. Key elements supporting successful change include fostering inclusivity and actively involving teams in problem-solving and planning processes.
As the leader, it is not your job to have all the answers, only to facilitate your team in finding them. Actively engage your employees in the problem-solving and change-planning processes.
Change is more than a hassle, and can even bring a lot of good with it - it keeps a business adapting to the shifts in the broader world, brings in new tools and helps to advance talent development and retention.
Up to 70% of change initiatives fall short, yet entrepreneurs can influence how their teams navigate through these rapid changes with effective change management methodologies.
A change management model that integrates coaching into the process has been developed in collaboration with the Association of Change Management Professionals, emphasizing best practices for successful adaptation.
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