Driving change is business's oldest function. In fast moving changes, you have complexities to manage both systems and processes and flexibility of work. Corona has changes many things. Distributed work places has given advantages too for knowledge workers. Life cycle of business has reduce drastically. If a business to survive more than two generations, it needs many things like loyal employees, technology addiction, political well wishes, and visionary leaders , along with many other things.
Elon musk is richest man and Adani is growing fast. Complacency has no place. Musk or amazon are new kids , yet topping the chart. Motorola, Toyota, six sigma etc lost ways in this race. Dramatic changes in business landscape is visible. Platform approach like OYO, Uber, Ola, zomoto, JIomart, Jio, or Netmed are more successful than anything else. Few years back they did not exist. Old economy companies are disappearing.
Big data is new advertising tool. It gives specific targets. Netflix or YouTube are new powerhouse using this tool. Data is power and it gives edge to people who know where to attack.
Employees aee not aware or trained in this fast growing technology tracks. And no one has time to train them. Old engineering stream has become useless like civil or electronics, new kids like ML , AI or Big data are running new economy. Training people in these new tools to keep them ahead that's where businesses are falling apart or would fall apart. Medicine was not so prominent field before cororna , now it is key business. Health is real wealth in business world. Energy scene is changing too , if solar cost is lower than coal energy, it make sense to have more solar power.
Economy may move towards consumption based to rental based, Netflix, power, home, hotel, cars, or any services. Focus is more on use and move ahead. Accumulation is no more a craze, Few years back buying flats was craze with investors. It does not make sense now. Even currency world is changing fast .Luna , cryptocurrency lost 99% of value in few hours. People sitting on this lost their worth in one shot. Wealth cycle is moving crazy. Elon must gained a lot and lost too in past few months. In old economy such changes will happen in many years.
Change is new norm. Fixed mindset will get punish in long run. Be aware and prepare self for new skills, new relations, new business areas, new taxes, or new competition in this dynamic world. There is no blue chip company. Start ups are eating them daily. Change agents have to protect self from this dynamic scene by keeping tap on changes.