Paul Otellini, CEO of Intel Corporation, offers these five tips for managing change (Wall Street Journal, April 28, 2008):
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Change before you need to,
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Measure how your operations perform and compare them to best-in-class companies,
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Trim layers of management--not only to reduce cost, but to speed up decisions,
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Keep some seasoned veterans in senior management as mentors to newcomers,
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Be careful about tips: No set of rules meets everyone's needs.
The quickening pace of new ideas, new innovations, and new technology means that change must be a constant companion to organizations if they want to remain successful. How you as leader embrace change, and how you bring your team foward into the changing environment, will ultimately provide a strong or weak foundation to allow change to occur.