Change As A Small Family Owned Business - 1466 Words

Abstract Numerous businesses are not coming to terms with the fact that change is absolutely necessary; therefore, they may be unable to continue to compete with other businesses. Consequently, it does not make a difference if the company is a professional organization or a small family owned business, the old ways of doing business is all but obsolete. Every business or organization is constantly changing products and leadership. Although businesses are undergoing daily changes everywhere in the country, change is still very difficult for some people to handle. Consequently, change is needed in order to be successful in a future that is different than what has been experienced in the past.†¦show more content†¦Nevertheless, individuals are afraid of change because they do not know that to expect. When a particular practice has been in place for a long period of time and people have been doing the same thing to get the same results, it’s sometimes hard for individuals to believe that anything else would work for them. Many external factors affecting an organization can be controlled. The following are a few internal factors that might contribute to change within an organization: Managing structure, staff, and the inside dà ©cor. External factors may be government regulations, and new innovations. In a world where business is ever changing, people are still resisting change in some aspects. Kotter (1996) identified eight errors common to organizational change efforts and stated that making any of them can have serious consequences. According to Kotter, with awareness and skills, errors like these can be avoided or greatly mitigated. The key is to understand why organizations resist need change, what is the multistage process that can overcome inertia and how leadership should be used. Employees resist change for a variety of reasons. Among the most common rationales are the following: †¢ Lack of understanding – People believe that they will lose something of value as a result. †¢ Lack of trust in management – People don’t understand the implications of change and perceive that it might cost them more than they will gain. †¢ Differing assessments of theShow MoreRelatedMission Statements For Small Family Businesses788 Words   |  4 Pages â€Å"Family businesses are likely to use strategic ambiguity in their mission statements to allow for multiple interpretations of the same message by their stakeholders,† (Carmon, 2013). The author suggests that smaller organizations may use vague language in their mission statements for the purpose of allowing for more than one interpretation. 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