Somewhere around 500 BC the Greek philosopher Heraclitus, who is known for his doctrine of change being central to the universe, made a profound statement that is still often quoted: “The only thing that is constant is change.”
As business leaders, we are all too familiar with this adage because we deal with change every day, and our ability to anticipate and manage change often underpins the continued survival of the organizations that we lead.
Change takes place along a spectrum ranging from evolutionary to revolutionary. Evolutionary change is often imperceptible until one steps back and views the change or transformation over a long period of time. Evolutionary change could be viewed as “change on the edges” – changes needed just to remain competitive.
Revolutionary change on the other hand can be disruptive to an entire industry and almost instantly result in winning and losing participants in that industry.