Business Archives

John Kotter: How to Communicate the Vision for Change

How can you effectively communicate your vision of change to your employees? What things should you avoid when you’re communicating the vision? According to Kotter, once you’ve developed a sense of urgency, assembled a credible and empowered coalition to lead the change effort, and articulated a clear vision that can anchor every decision and action taken within the organization, you’re ready to sell the change project to the broader organization. Continue below for tips on how to communicate your vision for change.

John Kotter’s Step 5: Remove Obstacles to Change

What are the most common obstacles to change in an organization? How can you overcome those obstacles? Whenever you try to make big changes, especially in an organization, roadblocks are inevitable. The biggest roadblock is usually the resistance to change among the junior and middle managers. Learn how to overcome these obstacles below.

The Contrast Bias: Why We Misjudge Value

The 25 Cognitive Biases: The Contrast Bias

What is the contrast bias? How can you avoid the contrast effect when making comparisons? The contrast bias is the tendency to compare things to one another using relative factors instead of judging each object on its own merit. This is why an object will be viewed as worse than it usually would be when compared to something much better. You can manage this bias by judging each object on its own merit rather than in relative terms. Read on to learn more about the contrast bias.

Loss Aversion Bias: Explained With Examples

The 25 Cognitive Biases: Loss Aversion Bias

What is loss aversion bias? How do you avoid triggering the tendency? The loss aversion bias is the tendency to prefer avoiding losses to acquiring new gains. This bias is triggered by the pain of losing something valuable in the past. You can manage the tendency by calibrating all your losses in true absolute terms, rather than relative terms. Read on to learn more about the loss aversion bias.

John Kotter: Sustain Acceleration to Cement Change

What does Kotter mean by “sustain acceleration”? Why don’t changes tend to sustain themselves? Step 7 of John Kotter’s 8-step change model is to sustain acceleration. Kotter says that you must continue to build upon your changes, otherwise, employees will fall into their old ways of doing things. In his book Leading Change, Kotter provides some actionables and tips on how to do this. Continue below for an explanation of step 7 of the change model.

Intermediate Goals: Milestones of Success

Do you set intermediate goals as benchmarks toward your major goals? What difference can they make? In Scaling Up, Verne Harnish argues that setting and reaching intermediate goals contributes to team buy-in and the ultimate achievement of your vision. They also give you a chance to learn what’s working and what isn’t. Read more to learn about intermediate goals.

Leading Change: Quotes by John P. Kotter

What does John Kotter have to say about his 8-step model for change? What are some of the most noteworthy passages worth revisiting from Leading Change? In Leading Change, John P. Kotter argues that in a fully globalized and ever-evolving economic environment, successful firms are those that can implement long-term change. This enables them to stay competitive in a rapidly shifting market, respond effectively to new threats, and take advantage of new opportunities. Below is a selection of Leading Change quotes with explanations.

How to Measure Business Performance: KPIs & OKRs

How do you measure business performance? Do you have a system to make sure your growth is on track? Progress matters, no matter what your organization does or how big it is. Key performance indicators (KPSs) and objectives and key results (OKRs) are two common ways to measure business performance. In fact, they can be used in tandem. Keep reading to learn about these two methods of measuring business performance.

John Kotter: Change Management Is a Team Effort

What does John Kotter say about managing change? How is leading change similar to a team sport? Why is it so important to properly support developing leaders? According to John Kotter, change management is a team effort and should not all fall on one individual. This is because many organizations are interdependent, and a change in one department could dramatically affect another one. Here’s what Kotter says about managing change in an organization.

Why Cash Flow and Cash Position Matter

Do you stay on top of your business’s cash flow and cash position? How are they connected to your vision? If you’re a business owner, you naturally keep an eye on profits. But, to ensure that your business continues to grow and stay on track, you also must remain aware of your cash flow and cash position. These are vital pieces to your overall strategy. Keep reading to learn about cash flow and cash position for your business.