Why the Tech Industry Needs Change Management
In 2024, the tech industry needs help, and this one thing–that enterprises already know–could be just the solve
If you work in the tech sector, you already know it’s challenging times – over 260,000 layoffs last year, across over 1,100 companies. This bloodletting not only affects those whose roles evaporated, but also the employees who survive the reductions in force. And on the management side, leaders are anxious to focus on pressing problems like AI, interest rates, and demands for growth in a tough fundraising environment. Leaders need their team members focused, concentration which is tough to summon from a fearful workforce. It’s a quagmire where everyone is losing.
Inspiration…from the enterprise?
Innovation has always looked to other domains for lessons learned, wisdom, and inspiration – biomimicry, prostheses developed from makeup artists, even Velcro all come from “cross-pollination” of ideas from other disciplines. For the tech industry to bounce back, we need the best practices that enterprises have long known: we need to learn how to adapt to change gracefully. We need change management.