From the course: A Year with Peter Drucker (Blinkist Summary)
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Disruptive change
From the course: A Year with Peter Drucker (Blinkist Summary)
Disruptive change
- [Narrator] Blink number six. Good leaders know how to keep their organization even-keeled through disruptive change. Effective managers perform the ultimate balancing act, finding just the right tempo between ensuring continuity and inspiring change. Drucker stresses that both are crucial to a company's longterm success, change happens when companies grow, and when companies grow restructuring often brings with it more bureaucracy. In addition to structural changes, growth inspires greater innovation, in essence, more change. New products and new markets necessitate new branding and so on. Although, this is a challenging volatile period for a company, it's also necessary for the continued health of any business. Without change a company can stagnate, which can lead to eventual failure. Consider the story of Henry Ford, a manager who's unwillingness to change nearly cost him his business. When Ford started his…
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