Notes

What do you believe is the greatest challenge for a CEO when implementing change?

To compete in the changing environments, organizations need to change continuously to increase their competitiveness in the market. As the leader of the organization, CEO plays an important role in the change. In implementing changes of the organization, CEO may face below challenges

Recruiting the right person – CEO is to oversees the operation of the organization, and they are not expected to roll their sleeves to implement the change. Therefore, he/she needs to recruit someone to implement the change. However, it is difficult to tell who is the right person to help implementing the change.
Handling resistance to the change – all changes may come with resistance. Sometimes, resistance comes from executives which project manager is unable to manage. As the sponsor of the change initiative, CEO may need to manage resistance to understand concerns from the executes who resist the change.
Empowering employees to participate the change – employees feel powerless and feel that they are unable to help in implementing the change. However, without their assistance, the implementation of change may not be success. Therefore, CEO need to empower employees to participate in the implementation of change.
Best timing to announce wins – if CEO announce short-term wins too soon, it will deteriorate the momentum of employees in implementing the change. It is hard to rebuild the momentum of employees it is lost. Therefore, CEO need to think about when is the best time to declare short-term wins to increase the morale of employees to continue the change instead of destroying it.

Stanley

Change is very important in business that allows employees to learn new skills, explore new opportunities and exercise their creativity in ways that ultimately benefit the organization through new ideas and information. But sometimes, CEO faces some challenges during implementing change which are as follows:

1.To Having a strong management team have become the most challenge for a CEO. It is necessary to have talented leaders and motivated employers to achieve success in business during change.

2.Due to the new and latest resources, some employees do not have much knowledge so it put effects on the target of the business. It is the responsibility of the CEO to provide knowledge to the employees about new resources when it is changed.

3. It is difficult for CEO to select the new employees to start a new project because he has to consider all the important qualities which are helpful to achieve the goal of the business.

4. In this multicultural era, it is necessary to put more emphasis on building and maintaining a strong company culture, actively working on ways to make their companies more attractive and enticing places to work as compare to the competitors.

Nowadays, my companies like to use latest software for their work but sometime their employees do not know about the new software, then companies provide training to the employees which delay the project process. It become a challenge for CEO to complete the project on time without any loss.

Jaspreet