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Leadership

Change Management: The risk of no change Logo cgma

  Bill Reeb, CPA/CITP, CGMA |   Free |   2015 |   02:26 min |   CGMA Magazine

The difficulty is in convincing stakeholders that doing nothing is a risk unto itself. Buy-in is essential says consultant Bill Reeb, CPA/CITP, CGMA.

Topics covered:
  • Management accounting: Leadership: Change management, Intermediate

2 Comments/Reflections

Bernard McGuirk

Bernard McGuirk Jun 2018

I found this brief video interesting and straight forward. There is a risk in not changing and that has to be realised. One of the keys to change is bringing people along with you and letting them buy into the idea. I will take this on board and be a little more patient with my colleagues. 

This video helped with my Leadership and my People Skills.
Marius Budu

Marius Budu Dec 2017

This is a great insight. Too often people in business consider that no change from their side, in their area of responsibilities or in "the way we do things" will result in no change to the outcome (way their work is perceived, results, salary, company profits, customer satisfaction).
Unfortunately, many times, underlying factors (lile external macro-economical, market driven, customer segmentation, competition, team dynamics, leadership teams) change the way they interact and as a result the same processes, responsibilities, strategies, system are slowingly, steadily and hard to perceive, going to not work anymore.

I have recently been in a situation in which I had to change something as small as how the team sits at their desk. This was driven by the observation that at one point barrier to communication with the team were somehow built on past bad experiences. I have used the exact same idea in advocating for change, but unfortunately the fact that I was too eager to do it in a short timeline did not get me the real buy-in from all the team.

Between the situation above, and this clip I believe in the future I would adjust the communication strategy to include both a detailed assessment of the impact of no-change and the timeline in which we would need to change to avoid those impacts/risks.