You have just been hired as the chief executive officer (CEO) in a medium-sized organization. The organization is not suffering financially, but neither is it doing as well as it could do. This is largely because the organization is stagnated in old ideas having not kept pace with the changing standards of the sector it serves. It does; however, have a handful of new employees who are eager to see the organization modernize. The organization also has several long-time employees who have remained with the company through the good times and the bad. The board of directors feels a sense of loyalty and obligation to these steadfast individuals, but the board also knows that moving some parts of the operation "off-shore" would be better for the organization. 

Discuss how you as a leader would direct this organization through the changes that are necessary for its survival.