You are the CEO of Sugar Land Light & Power.In reading the Wall Street Journal,you notice the editors have forecasted an unstable and unpredictable environment for the utility industry for the next 10 years.You also suspect a lot of change.What should you do?

Question

Quizplus · Accepted Answer

Empowering employees, creating self-managing teams, and increasing participation and accountability will allow the company to adapt quickly to changes in the industry. This approach also fosters innovation and encourages employees to think creatively, which could lead to potential solutions to future challenges. Maintaining control and issuing top-down mandates can stifle creativity and limit the company’s ability to respond to emerging trends. Revisiting company policies with all stakeholders is also important, but empowering employees is the best way to prepare for an unpredictable future. Doing nothing is not a viable option for a proactive CEO.

You Are the CEO of Sugar Land Light & Power