Transforming Technology for Global Business Acceleration and Change Management

• Published in: IDEAS Working Paper Series from RePEc
• Main Author: Stibe, Agnis
• Format: Paper
• Language: English
• Published: St. Louis Federal Reserve Bank of St. Louis 01.01.2020
• DOI: 10.1080/1097198X.2020.175

The majority of global problems and organizational challenges are byproducts of poor human attitude and behavior (Stibe, Röderer, Reisinger, & Nyström, 2019). Every crucial domain in our lives continuously provides evidence of how things are getting unbalanced despite the progress in building increasingly capable technological innovations, such as artificial intelligence, blockchain, augmented reality, autonomous vehicles, and drones, just to name a few. Managers and employees often look for and find reasons outside of themselves for why there are weak performing organizations and global environmental issues. Societies, communities, businesses, organizations, and industries, basically everyone, need help in making their transformations succeed and sustain positive directions (Waddell, Creed, Cummings, & Worley, 2019). Many people want to change, but it is also well known how often their new year's resolutions end in February. People tend to perceive changes as something difficult, impossible, and mystical, thus are willing to avoid them. Such attitude naturally leads to poor decisions and consequent behavioral outcomes for societies and corporations. While transformation research has gained more traction in multiple contexts over the last several years (Malar, Arvidsson, & Holmstrom, 2019), this particular transforming work is emerging as an inevitable response to the ever-growing imbalance in our lives across the globe. Advanced information technologies are being continuously developed to make our lives better and businesses grow. However, the fundamental question still remains: With all the evolving information technology, has there been significant success in achieving happier societies and strong organizations?