Catalysts of Change
Today, the relentless pace of change has left many people feeling burned out and fatigued. Successful organizational change depends on seamless cooperation among teams. Yet many companies fail to support their workforce through these transitions. To effectively motivate and communicate across an organization during a transitionary period, businesses need clearly defined change management strategies to support their people.
RECENT CATALYSTS OF CHANGE
- Inflation: Higher prices have raised costs for businesses and customers.
- Geopolitical Conflicts: Recent and ongoing geopolitical disruptions in the global economy resulted in supply chain issues and production disruptions.
- Higher Interest Rates: The sharp increase in interest rates has resulted in increased borrowing costs to fund investments and operations.
- Slowing Economic Growth: The global economy is expected to grow more slowly in the coming years due to reduced demand and supply chain disruptions.
More than 80% of workers suffering from change fatigue say they don’t have enough tools or resources to help them adapt, according to a recent survey by Capterra, a company that reviews and compares software.
