Be Responsive To Change: Develop and Grow in Today’s Tech-Enabled World
e Responsive To Change – Sunday Wisdom 64 (JoyMoitraWrites.com)

Be Responsive To Change: Develop and Grow in Today’s Tech-Enabled World

Joy Moitra Joy Moitra

Joy Moitra

AI Enthusiast and Industry Expert. Health, Wealth and Wellness Advisor. Teaches B-School students.

发布日期: 2024年4月28日
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“It is not the strongest of the species that survive nor the most intelligent, but the one most responsive to change.” – Charles Darwin.

Darwin’s words literally convey the meaning of adaptability and resilience; skills that are a must for developing and growing in today’s GenAI-driven world.

Table of Contents

Make Change Your Constant Companion

In nature, species that fail to adapt to changes in their environment risk extinction.

Similarly, businesses that resist change find themselves struggling in an increasingly aggressive and cut-throat marketplace.

Kodak, once a leader in the photography industry, failed to adapt to the digital revolution and ultimately filed for bankruptcy in 2012.

This shows that even industry behemoths are not immune to the consequences of stagnation.

Adapt: Be ahead of your game

On the other hand, companies that embrace change not only survive but also grow.

Consider Netflix and how Reed Hastings changed their business’s revenue model.

The California-headquartered company began as a subscription-based, mail-order DVD rental service and continued like that till 2007.

Then it smoothly and noiselessly?transitioned into a streaming platform, revolutionizing the entire entertainment industry.

By understanding and identifying shifting consumer preferences and technological advancements, Netflix has become a leader in the digital age.

Data Drives Decisions

In today’s data-powered world, businesses have access to loads of information that triggers, encourages and sustains strategic decision-making.

Organisations that use data analytics to anticipate trends and adapt path-breaking strategies quickly remain much ahead of their competitors.

For example, Seattle-based American technology giant Amazon banks on complex algorithms to personalize recommendations for its customers.

So, the level of experience it gives its clients, and the volume of sales it generates are unmatched.

Innovate and empower: Top up your game

To remain open to change, companies must encourage a culture of innovation where employees are...

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