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Identifying and eliminating unnecessary expenses
How to negotiate better deals
Understanding the importance of saving
The Change Curve in business
A reliable tool to understand what people are going through.
- Stage 1: The employee will be in shock. They may need time to adjust.
- Stage 2: When the gravity of the situation settles in, workers may feel fear from what lies ahead, which may turn to anger and resentment. Clear communication and support should remain the focus at this level.
- Stage 3: When employees understand that they must adapt, they may try to bargain with management, or learn as little as possible to adapt. Don't rush employees to learn quickly or adjust fast.
- Stage 4: The learning phase may be uncomfortable for employees and could result in low energies due to low morale.
- Stage 5: People finally start to embrace the change and start building new hopes and aspirations.
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Relevance in Business
The Kubler-Ross Change Curve is also true when it comes to business, work, or employment.
Change can cause a lot of upheaval to the employees. If there are improvements to be made in systems and policies, the employees can't persist in their old ways. Only when the employees of an org...
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The 5 stages of grief
- Denial: Shock or denial mark this stage and is usually short-lived. One may not believe what is happening.
- Anger: When the realization hits and is understood, a person may become angry and look for a scapegoat.
- Bargaining
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The Kubler-Ross Model
The Kubler-Ross Model, also known as the five stages of grief, consists of the various levels of emotions that are experienced when facing trauma. The five stages are denial, anger, bargaining, depression, and acceptance.
After the model was widely accepted, it was found to be valid...
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Change management strategy
- Create: Establish a feeling of urgency or hurriedness towards change.
- Build: Formulate a guiding coalition.
- Form: Develop a strategy to bring about change. This requires having a plan and a vision.
- Enlist...
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The ADKAR Model
It demonstrates five ingredients needed for change.
- Awareness: Awareness helps one understand why change is important and needed.
- Desire: The desire to be a part of the change.
- Knowledge: The desire is incomplete w...
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Change is inevitable
If a change is well planned, it can produce positive results. However, without planning, change can be hard to accept and appreciate.
The Kubler-Ross Model is the most reliable tool to understand change and the stages associated with it.
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Dealing with a mid-career malaise
At the individual level
- Recognize that mid-career dissatisfaction is a normal and temporary stage.
- There is hope at the end of the tunnel.
- It is OK to feel regret from unmet aspirations.
At the company level
- HR could create mid-caree...
The 5 stages of grief
- Denial: Shock or denial mark this stage and is usually short-lived. One may not believe what is happening.
- Anger: When the realization hits and is understood, a person may become angry and look for a scapegoat.
- Bargaining
Let employees point the way
Be proactive in asking employees how they're doing and what's holding them back. That way, you will know you're responding in the right way at the right time.
- If you don't have information from staff, start with a comprehensive survey. Find out if they have an appropriate workspace a...
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