Episode Details

If you pay attention to what is going on within your company you can often see what direction things are going to go. With this warning, you can PRE-act to upcoming changes instead of RE-acting to them. This proactive stance will put you in the best position to succeed when those changes happen.

Whether the changes are localized within your department or if there are larger changes coming that impact the entire company, everything starts with understanding who are the key players in decisions at each level. You can start with people in positions of power such as the CEO or a department head, but key players could also be individuals with significant influence over those people in key leadership roles. These people may not be within your immediate network, but make every effort to understand what their priorities are.

When you know who the key players are, look at how they make decisions. Are they someone who is driven by emotion or facts? Are they strategic or tactical? Do they look for consensus or do they make the decision on their own? The insight into the decision making process can help you anticipate how and when decisions will be made. For example, If the decision is being made emotionally, when a triggering event happens, you can prepare for an emotional reaction to that event. Whereas if decisions are made based on facts, you can expect that those decisions are made methodically with great care.

Listen to the language that these key players use when they talk about the concerns of the company; especially when their language changes. Most companies are for-profit entities and money is a huge driver of many decisions. As such, focus on revenue, expenses, or margin will lead to different decisions all with the goal of increasing company profits. If the executives focus on revenue in all of their speeches and newsletters, you can expect decisions focused on increasing sales. If they focus on expenses, decisions will usually be focused on reducing overhead and cutting things they consider non-essential. With a focus on margin, look for negotiations around material costs and an investment in technology that offers process improvements.

The last factor to pay attention to in order to predict company change is to be aware of what is happening in your industry overall. If your competitors are having a different level of success, look for your leaders to make decisions to capitalize on those discrepancies. If new regulations are being discussed, what changes will that drive for your company? Are there new ideas or new technologies that you company can benefit from and how will they be adopted by your company?

Once you have some insight into the factors that could lead to change, you can use this knowledge to begin to predict what changes may be coming for you. These predictions can give you an opportunity to get ahead of the change and potentially influence how it impacts you.

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