The world is changing rapidly, new technologies are evolving and sometimes this leads to radical business transformation. Change management is a common practice for businesses. Instead of yielding to innovations, the effective top management tries to “tame” them and adapt to the company’s needs.

We all strive for success. But only few of us has clear vision of how to increase our chances. The ability to flexible and effective thinking in ever-changing world is the key to attaining set goals which is also know as adaptive intelligence. To effectively use it for development of audit company it is necessary to answer the following questions:

  • What global changes are taking place in the business environment?
  • What impact will these changes have on company, staff, clients?
  • How should manager act in changing environment?
  • What skills, habits, knowledge will help to become agile and successful in new conditions?
  • Are the traditional approaches to work effective in new conditions?
  • What development strategy and action plan must be elaborated?

Importance of adaptive intelligence for work

Adaptive intelligence is defined as readiness to learn new and agility. Modern tempo of advances in technologies and fierce competition force us to constantly update our knowledge. Our brain plasticity, our natural ability to perceive new things and our reactions to changing conditions are not enough to maintain a successful career throughout our life and compete with dignity in the market where new challenges and specialists willing to learn something new and ready to overcome obstacles constantly emerge.

The presence of adaptive intelligence among the team members of audit firm is some kind of success indicator. Given effective usage of adaptive intelligence the top management of audit firms are able to coordinate the goals and core values, develop necessary skills. As a result, the fulfillment of tasks becomes more efficient and decision-making – more balanced. Adaptive intelligence allows you to create a coherent motivated team with common goal and strategy while the management style remains authentic contributing to the employer’s brand development and increase of the financial performance of the company.

Adaptive intelligence helps not only to distinguish specific areas which may be influenced but also to create more thoughtful and reliable development plans given the expected changes. As a result, it creates enough courage to carry out what is planned.

How to develop adaptive intelligence

Agility is a skill which can be acquired. The preparation to changes begins with an imaginary prediction of potential consequences: “what will happen, if…”. From time to time you can ask yourself what can happen in your sphere or how necessary professional competencies will change in the future. In this way the creative potential is stimulated, problems are solved and way out of the situation is found. Such exercises train brain to react promptly in case of emergencies.

Lately the situations occur when the approach to work must be radically updated and traditional tools changed to innovative. In situation “forget everything you knew” it is important to “reset” your expectations and make decisions based on acquired knowledge and experience to cope with new challenges.

Usually we try to fall back on our previous experience and recall what worked in similar situation before. That’s why it can be difficult to move to new set-up. Nevertheless, it is important to practice experimental solutions so as not to be stuck forever in the last century. Obsession with previous achievements often becomes an obstacle to changes so this must be quenched.