Opinion — change management

Change Management for SMEs? Why it is important to know.

Posted by Philip Wong on

Change Management for SMEs?  Why it is important to know.

Introduction Research shows that internal and external forces of change are among the top challenges facing businesses around the world today in the 21st century.  The Lean Methods Group (2018) compiled a list of some external challenges businesses face, the major ones amongst them:  uncertainty – uncertainty in the global economy, uncertainty in the credit markets, uncertainty in how new technology will disrupt their business; globalization – recognizing emergent, disruptive competitors that only a few months ago weren’t even known, designing new products and services for new customers; innovation – in the age of big data and increasing automation companies...

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