Just four years ago, interest rates and inflation were at historic lows, company profits were strong and steady, Europe was at peace, and technology was changing with head-spinning speed, but, overall, it was a Goldilocks economy — not too hot, not too cold. Middle market companies were making the most of it, consistently growing one or two percentage points faster than big companies or small businesses.
How Midsize Companies Can Make the Most of Disruption
New research shows three ways these smaller companies can drive change rather than react to it.
May 15, 2023
Summary.
Midsize companies face the same level of disruption as their larger rivals, but they are more likely to see themselves as disruption’s victim, rather than its driver. Yet they are holding back from the big changes that might put them in the driver’s seat and make change an ally, not a foe. That doesn’t need to be the case. The middle market has a secret weapon in its openness to change among leaders and employees. Today, that weapon is used mostly as a defense — to react to change. But with the right planning — and the will to act — midsize companies can turn disruption to their advantage.
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Change may be the only constant in today's organizations. Here's how to lead through it.
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New!
HBR Learning
Change Management Course
Accelerate your career with Harvard ManageMentor®. HBR Learning’s online leadership training helps you hone your skills with courses like Change Management. Earn badges to share on LinkedIn and your resume. Access more than 40 courses trusted by Fortune 500 companies.
Change may be the only constant in today's organizations. Here's how to lead through it.