Business Press Articles SummaryWhen companies want to shift or transition, it is usually to improve their business operations. Therefore, this essay will summarize two articles relating to implementation of new technology. The first article from The Guardian, discusses how artificial intelligence technology is revolutionizing the hiring process, which many companies have been using for years. The use of AI in recruitment and selection has become widespread in many organizations, and the paper provides examples of firms that have incorporated the technology in their recruitment process. For instance, Unilever uses AI in its recruiting to help identify the most qualified candidates, whereas Siemens uses AI to conduct interviews for intern positions.
The second article from Forbes, addresses the benefits and drawbacks of the use of the blockchain in businesses. According to the article, the use of the blockchain has the potential to help businesses reduce the costs of conducting transactions and recording data, improve security, and streamline operations. The article provides an example of a major company that has incorporated blockchain technology into its business process, Coca-Cola, which is using the blockchain to ensure the ethical sourcing of its products. The article also highlights the challenges of implementing blockchain technology, such as a lack of skilled staff and high costs.
Implementation of New TechnologyIt is unclear where The Guardian is on its change proposal, but the article suggests that companies are implementing AI in their recruitment process. The article seems to be suggesting that AI can be a great tool in the recruitment and selection process. The use of AI can help companies identify the best candidates more efficiently and effectively.
The article from Forbes indicates that blockchain technology is being adopted by some businesses, including Coca-Cola, to ensure the ethical sourcing of their products. The article suggests that blockchain technology has the potential to help companies reduce costs, improve security, and streamline operations. The article notes the high costs associated with implementing blockchain technology and the lack of skilled staff to manage the process. The article did not specify where Coca-Cola is on its change proposal.
Readiness of the Companies to Begin Change Management ProcessBased on the articles, both companies seem to be ready to begin the change management process. The Guardian's article demonstrates that AI is becoming a prevalent tool in the recruitment and selection process. Siemens and Unilever are some examples of firms that have implemented AI in their recruitment process, which implies that the technology has been tested and found useful. Forbes' article suggests that blockchain technology has been embraced by some companies, including Coca-Cola. The company has adopted the technology to improve supply chain transparency and ensure ethical sourcing. This demonstrates that Coca-Cola has tested and found blockchain technology useful in its operations.
Managing the Change JourneyIn both articles, the authors did not detail how the companies would manage the change process. In managing change, it is crucial to recognize that employees will be affected, and their support and participation are essential. Managers need to communicate the change process to employees to gain their support. Leaders also need to understand the change process, develop a clear plan, identify risks, and be prepared to address any issues that may arise. They can also set up a change management team to help manage the change process.
Institutionalizing the ChangeThe articles did not specify how the companies would institutionalize the change. Institutionalizing change requires that the changes made become the new normal. This can be achieved through training, incentives, rewards, and recognition of those who supported the change process. It is important to ensure that the change is sustained and that the new processes are embedded in the company culture.
Avoiding MistakesTo avoid mistakes, companies need to identify potential problems that may arise in the change process and plan for them. This requires that leaders engage employees in the change process and listen to their feedback. Companies can also learn from previous experiences and benchmark against best practices. They can also adopt a continuous improvement approach to monitor and refine the change process.
In conclusion, companies implement changes to improve their operations. The articles examined here have shown that companies are adopting new technologies such as AI and blockchain. The implementation of these technologies has the potential to improve efficiency, reduce costs, and streamline operations. It is important that companies plan and manage the change process effectively to avoid any issues that may arise.