Change Management

Everything starts from Managerial Courage, the prerequisite value for deciding the Change. Recognizing the losses at the right moment, it may avoid accumulating losses even further.

Transformation by creating new values, it follows, but different values of those that governed the business environment before the economic crisis, such as:

• The practice of detecting hidden problems, beyond what is obvious and what is revealed by statistical models (which does not catch the variables determined by human nature in the economy, excepting of mimetic behavior, but come up with overestimation of the perspective);
• Handling ambiguity, recognizing uncertainty as being a normal behavior of the economy and take it as a reality, which we must live with, by creating lighter, flexible and antifragile organisational structures, as well as a management able to make valuable decisions based on incomplete data;
• Ability of administrating the paradox, by consolidating solid, but yielding standards that gives the possibility to act differently for reaching the same objectives under different circumstances.

 Repositioning of the business transformed, through a new entrepreneurial and managerial culture, based on the long term stability prospect of companies, economy and eventually of the life quality, means the avoidance of both extremes revealed by economic crisis, namely the fight for market share, before global crisis, by using excessively the deviations from prudence, on one hand and restriction of every development financing through the risk management of the highest severity, after recognizing the global crisis, on the other hand.