Sometimes the consequences of changes are unrecoverable. Kodak and many newspaper publishers have discovered that, thanks to new technologies, their business models were doomed to extinction. If business leaders want their companies to survive, they must adopt new habits.
Radically new ways of thinking and acting are much needed
It is all about changing long-standing assumptions and beliefs. Our habits are powerful forces. When we form habits, our knowledge and skills become second nature – and we gradually start to be acknowledged as experts. But what if suddenly our knowledge and skills are no longer relevant?
It is all in the mind
When new technology (e.g. digital photography) transforms an industry, accumulated knowledge can suddenly lose its value. The same thing can also happen on the level of a whole company: when habits are shared by a community of like-minded people, everyone may be caught in a trap made of their shared assumptions and understanding that are no longer relevant. Both habits and mindsets operate at a subconscious level which makes them quite resistant to change, according to an article on the management-issues.com website.
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