The concepts called change, volatility and disruptions are going to be the new constants of the future. The technology innovations like artificial intelligence, robotics, internet of things, and their spin off effects for sure will invoke disruptions in various domains with a great magnitude. Hence, what is to follow is a period shrouded with complexity and uncertainty. Electric cars and driverless vehicles, drones replacing suppliers, hyper loop in transportation, robots carrying out surgeries, remotely operated home devices, the windfalls of cloud computing, anti-aging medications, the mobile becoming your all in one device, the crypto currencies like bit coin are all set to disrupt the existing.
These disruptions beyond doubt are for the good, making life easy and convenient. However, if these disruptions and their impacts are not predicted and not understood, and the change measures are not initiated, the result would be such that organizations would collapse and its employees would turn jobless. Well, this write up deals with certain strategies which can be adopted to cope up with winds of change and to tide over disruptions.
Detecting disruption early
We need to be mindful and vigilant and we should be able to see disruption, even while it is at a distance. This will enable us to make ourselves equipped and get prepared for the changes that is expected to come. Plan out in detail as to what changes can happen in the event of disruption, and work towards it even before the disruption.
Be a disrupter
Instead of waiting for disruptions to happen, be a disrupter and challenge the status quo. Restructure your organization, revamp your marketing strategies, come up with break through products, always innovate and diversify regularly and be in charge of change.
Be a continuous learner.
Study about the real time activities, learn about the changing technologies, acquire new skill sets and enhance your cross functional capabilities. Be a learner of the latest to be a leader for the future. Learners change with the changing world and their ability to enhance their vision enables a faster transformation.
Adaptability and Flexibility
The key traits to possess in times of disruption are one’s ability to be highly flexible for the changes and also one’s capability to adapt to situations which these disruptions bring in.
Crisis management capabilities
The strike of the disruption, will lead to the emergence of an unknown, which may pull down the market by low prizing, greater convenience, higherbenefits and so on. But our capability to face the same, remain cool and act logically, lead and inspire people to stand together, take short term quick decisions with heavy amount of risk may drive the organization out of the perils of a disruption.