The cost of not changing

One participant in the recent EIS workshop brought up the question of "The cost of change vs. the cost of not changing".

A simple, yet profound question ... and one not easily answered (especially given that the comparison can be quite project-specific).

Assuming the planned innovation is adopted (the project is successful) then one can calculate (or estimate) the costs of implementation versus the benefits intended. This can give a "missed opportunity" cost if one does not change.

But, looking further and more strategically, the cost of not changing could be, in extreme situations, the very survival of the enterprise (at least in a certain market or domain).

We'll add other links to pertinent materials here over time related to this important issue.

But, as often happens, just raising the questions and reflecting upon it (especially in our individual situations) is a good start to better understanding and using this knowledge.