04/06/2018

How CEOs Can Effectively Navigate Through Change

Develop and communicate a clear vision

If you are in business long enough, there is pretty much a guarantee you will go through a season of change, if not many. Even the most successful companies have gone through change – from American Airlines to Zappos.

I co-founded TSP with Rick Skaggs, my longtime colleague from Honeywell, in 2002. Our department had been shut down and we were asked to let go of our team of nearly 50 talented engineers. While this change was difficult, it created an opportunity for us to do something we might have never done before. We soon started our own company and rehired many of those same engineers.

Right around our 15-year anniversary last year, we experienced our most significant period of change yet. We were feeling the need to adapt within the market and meet our evolving partner expectations like all industries have at some point. It was time to do a serious audit of our business practices and evaluate what must be done in order to set us on the path to success for the next 15 years.

Please select this link to read the complete article from Chief Executive.