4 suggestions for new firms to cope up with change at different stages.

By looking upon the current scenario, our suggestions to new firms are as follows: More emphasis on managing strategies Encourage firms environment towards creativity and innovation Changes in firms HR policies to maintain co-ordination Develop new business plans

To maintain a sound relation with creativity and innovation; firm should implement proper strategy management policy. Strategic management is very important in different stages of life. To maintain a position in the market it is very important to cope up with change in the long term. There are three stages of strategic management; develop strategic plans; implement the strategy, strategic control. Creativity and innovation are the two important tools to sustain in the market. It shows the managerial capability to take innovative decision. A new product can be developed with the help of creativity and innovation. Managers play an important role to promote creativity. So managers make optimum use of available resources by adopting change. Another suggestion for todays firm is to enhance HR department by making transfers. So that new ideas are known and knowledge is shared. It develops a different culture in the firm. A new firms structure improves economic result. Here the change is identified by the manager by scanning the environment and adopt change in long term.