So in my previous post I went a bit philosophical on you and hopefully I didn’t bore you in the process. I wanted to talk about the benefits of modular flexibility in an age where change is necessary. Well, now I’d like to talk about the necessity of change in a more concrete fashion.
First I’d like to throw a couple of statistics at you:
- A full 1/3 of the companies listed in the 1970 Fortune 500 vanished by 1983
So what we can infer from that statistic is that these companies vanished as technology and culture changed. Their leadership did not prepare the companies for change, so when the world changed around them, they had to go out of business.
- 67% of companies did not know the financial cost of IT downtime to their business.
This statistic is surprising considering the losses that are possible because of IT downtime. Losses could be estimated from $10,000 – $1,000,000 dollars an hour for some companies due to IT downtime. How does downtime happen? And how does it wreak so much havoc?
Well, downtime usually occurs when change happens upon a company that is not poised for change. The company scrambles to make the changes with a huge loss in efficiency, and day to day business processes stop and employees become unproductive. When your business processes stop and your productiveness goes down, your business hurts! No wonder downtime tallies up so many losses.
Change is a necessary condition for existence. Even for so much as a second to pass, change is needed. So if the nature of the world is that of change, then the nature of your business must be change, in order to continue to prosper.
Always have a plan for change to follow for your company. If you are faced with a sudden change and your company isn’t prepared for it, you’re going to scramble around trying to implement the change and your company is going to experience costly downtime.
Imagine for a moment two planks of plywood. If that plywood is struck by a sudden force, which piece is going to remain whole: a rigid, brittle piece of plywood, or a flexible, bendable piece of plywood? The same principle holds for a company. The flexible, bendable company is going to remain whole when it is struck by a sudden, new force.
How do you plan for change? Well, there are many facets of a company that can be made change-ready but I do not have enough expertise to advise you on everything. I do have enough expertise to advise you on one facet: the buildings that a company conduct their business in. Allow me to explain.
The nice thing about modular building systems is that they are flexible by their very nature. Modular wall systems are designed to be removed, added, and rearranged to meet an endless number of applications.
When it all comes down to it, if you construct buildings for your company and you use modular construction to do it, you are already planning for change on the building side. Modular construction is based on change. When you build a modular building, you are giving that building the capacity to be just about anything you need it to be for your changing business.
Now that’s some smart and easy planning right there.