“In a period of rapid structural change, the only ones who survive are the change leaders.” — Peter Drucker
In the financial services industry, there is only one aspect that remains constant: change.
The external environment is in a continual state of flux. What appears to be a calm market is really the status quo getting ready to realign itself because the economic fact of diminishing returns sets in. While success can be achieved during status quo periods, these time frames can have a detrimental impact by lulling a business into a false sense of security. Embracing change is a key driver for long-term success.
What changes has your company avoided or delayed making for fear of rocking the boat? Now is the time to instill change as a normal component of your company culture.