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Business Transformation and Change

In: Business and Management

Submitted By vikkyczer
Words 336
Pages 2
COURSE: BUSINESS TRANSFORMATION AND CHANGE

TOPIC: Introducing Change.

Change is one thing that has been a constant recurring decimal in man, his environment, and in the business of man, since the creation of any living being. Man has witnessed incremental change in all aspects of life in an attempt to adapt to the environment. These environmental changes on earth can be traced back to 66 million years ago. For example, we hear of the age of the dinosaur, which dominated the earth at a time. According to Diamandis & Kotler (2015) their reign did not last because they could not adapt to the sudden changes in the global environment that followed as a result of earthquakes and environmental degradation of that time. They became extinct and mammals became the new surviving dominant animals. “This tale of colossal impact, radical transformation, and spectacular rebirth has relevance today, especially to business” (Diamandis & Kotler, 2015, p.x).

These theorists and practitioners have introduced new concepts of change which they called Exponential growth thinking and linear growth thinking in management theory and practices. They identified six stages of exponential growth, which they called the six Ds: Digitized, Deceptive, Disruptive, Demonetized, Dematerialize, and Democratized (Diamandis & Kotler, 2015, p.8). The exponential growth will lead to abundance in the future and they buttressed this fact with new evidence for abundance in their second book, Abundance (Diamandis & Kotler, 2015)

There are dozens of businesses that have shown patterns of exponential growth today. Organisations like Google (with the auto cars manufacturing); Singularity University (where bold, biggest, crazy ideas and exponential possibilities are now being taught). Major transformations are already evident in various industries like electronics, transportation, health and

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