New management can bring new ideas and fresh perspective that can propel growth. Here's how to turn change into growth.
- Connect new management with long-term employees to give the newbies a history course of the company and a status check on where it is now. Provide the stats as well as intangibles, like the work environment, priorities, and a general understanding of how things work.
- Listen to fresh ideas. These can invigorate the company to explore new opportunities or better capitalize on existing ones. New Directors bring their experience with them; and with that, a different set of eyes. A new CEO can point to numerous examples of successful methods used at other firms that could work here. This can be especially true when the new management brings with them knowledge from a different industry or market.
- Listen to old ideas. Not all new ideas are good ones. Tried and true methods can sometimes be the winners.
- Leave the drama. Change can be exciting, but it can also be upsetting for employees with long histories. Keep that in mind to get these folks invested in new ideas and new ways to do their job.
New and different ideas can benefit a company by invigorating it with energy and excitement. The trick to change that into growth is to marry old and new ideas to improve efficiency while staying true to the company’s historical identity.
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