This is worrying, says Christo Nel, a leading organisational consultant , because companies that make changes can outperform rivals . Many companies simply haven't the faintest idea of where or how to begin adapting to a changing environment. The New Economy is a profoundly different place from the Old and requires a fundamental shift in value systems if one is to adapt. Managers need to learn to tap into and unleash the extraordinary knowledge within their organisations.
Many executives feel uncomfortable.
People are no longer sure of what is expected of them. The key to resolving this is addressing the way company executives relate to structures. Recognising that roles within an organisation are less rigid and increasingly interactive, certain directors are spending up to half their working week on the shop floor interacting with employees. But employees must then accept accountability. Though many companies preach the values of the New Economy, it's often not reflected in their behaviour.