I have heard the saying in different ways, but the idea is always the same: the only constants in the universe are death, taxes, and change. I don’t think there is argument about any of those items, but change is the topic I have been thinking of today.
I read an article earlier that got me thinking about change and other pieces have just fit with the theme today, alongside another blog post about why change is difficult. The article mentioned is about a company co-founded by Michael Porter, one of the most studied authors of business techniques and strategies for the last couple of decades in business school, filing for bankruptcy recently. One of the questions is about how a company co-founded by someone who’s teachings are at the forefront of our studies in business school can end up in bankruptcy court and the following question becomes “does Porter’s Five Forces Model” for business really work if a company of his is now bankrupt.
I arrive early to one of my classes every week, in part because I live so far away from my university, so I have to leave early in case traffic, accidents, or otherwise will slow my trip down, but the other part is that my professor lets her class just prior to mine get out slightly early most of the time and I get to talk to her about most any topic, one of which comes to mind with this blog. We were speaking about research and that little hasn’t already been researched about in some way, shape, or form, and I said I laugh a lot when I see physicists that love nothing more than to say how they proved Einstein was wrong about something on television programs. The reason I laugh is that, in his time, Einstein’s theories were farther reaching than others and he was able to show evidence supporting his theories, but they worked in his time with the equipment he had available, as well as the knowledge he had beforehand from experiments and theories in history. It is only a natural progression that with more experiments, more ideas, and further research, when coupled with new technology, do we learn that old theories were incorrect or only partially true, and one day present day theories will fall in the same pattern. I think of this when looking at the question about Porter’s Five Forces-it works in theory and for certain situations, but we move past with new problems that arise and new explanations have to be found for present situations.
It’s always a matter of change-it really is the only constant. We should never be surprised by it and should learn that no matter the topic, change is constant, but it is especially important and ever present for us as leaders.
As with all posts, I’m looking for comments, opinions, and ideas pertaining to any of the topics presented in this blog and look forward to hearing what your experiences have been!