Wednesday, February 15, 2023

Initiategrowth

Organizations continue building global competency, develop the next practices for change and growth constantly.

Organizations are at a different stage of the business development cycle; they have to experiment with all sorts of growth opportunities. 

Most of the time, growth is a tough journey as you have to ride the learning curve, develop different capabilities, overcome change inertia, build confidence and gain enriched experience. Each growth phase has a period of evolution, stability and ends with a revolutionary road of organizational change and maturity.

It’s important to overcome “growth inertia” and become agiler and innovative: Rapid change and information growth requires that we move from fixed to growth mind, from thinking conventionally and convenience to thinking consequence, thinking innovatively with the long-term perspective. Either individually or collectively, it’s important to overcome “growth pain,” culture of inertia, help employees at all levels within an organization to “think out of the box”; take calculated risks, go beyond their defined roles and build organizational capacities to reach the next growth cycle strategically.

It is the age of innovation, it provides the opportunity to think of new ways to do things. It is especially important for transforming outdated thinking and old paradigms to create fresh insight; shape intellectual capabilities to bring positive changes and catalyze breakthrough innovation. With a growth mindset aligned with a proactive attitude, people are becoming more confident, self-driven and self-disciplined to develop unique competency, grow themselves professionally and realize value to benefit themselves and organizations..

Organizational leaders are motivational to help businesses move up to the global growth trajectory: The world becomes more hyper-connected and interdependent. Organizations rise and fall, based on their unique capabilities to manage, lead, yet most important to execute. Global leaders need to be both logical and innovative, looking at problems or issues in such a way that a solution emerges through a collaboratively interdisciplinary approach, to explore the growth potential of the business and scale up its impact.

Being “global” involves a personal intention to focus on moving up to the global growth trajectory. There is the “growth pain,” and it takes practice to build a competitive team which is composed of self-motivated people who can adopt a personal drive to grow themselves professionally in changing contexts. Global growth and development plans need to be well integrated into change management and culture management in order to cultivate growth minds, the culture of learning, and build collective business competency to compete for the future.

Organizations with growth potential have to keep reinventing themselves for reaching the next level of growth cycle via innovation:
In handling “VUCA” reality, business leaders should consider diversity issues, pace of growth and growth strategy, including all talent management aspects-how people work and act, workforce demographics, and composition. It requires a sound and competent understanding of what is currently being done, as well as how to solve the problems more effortlessly.

Organizations continue building global competency, develop the next practices for change and growth constantly. That inspires innovation in diverse domains of expertise. These processes work best in a healthy growing company to aid leaders in achieving their growth potential.

Although we have to change with the "tide," companies that are able to move up towards the next growth cycle are much more likely to have a top executive team who understands emerging opportunities and threats; and who can enforce the business growth forces for accelerating performance and generating value coherently.

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