Be flexible to change
The old cliche about change being the only constant is truer today than ever. These days, workers are looking for more flexible hours and continual training so they can improve their skill sets. With the implied contract between companies and employees no longer valid, companies must flex their policies to help employees feel secure, or risk creating an environment ruled by fear and that shuns innovation.
Texas Instruments sold many of its defense and semiconductor business units to concentrate on digital signal processors. While pundits debunked its risky strategy, TI became the largest producer of DSPs in the world. The company has also ramped up diversity programs to take advantage of the backgrounds of its employees worldwide.