Successful Transformation: 7 Questions for Top Teams
To ensure smooth and effective organizational transition, senior leaders should be mindful of these key issues
Change and transformation are in the air as we enter the New Year. It’s all around us – loads of information related to personal improvement (e.g. better fitness, improved finances or more satisfying career) and business renewal (e.g. improved quality, higher revenues, improved brand, stronger employee engagement).
Both locally and globally, we see companies and organizations of all types undergoing key transformations in response to changing shareholder expectations, new strategy, evolving markets, increased competitive pressures, resource constraints and emerging technologies. In reality, most organizations are in some sort of transition, many with agendas bigger than the typical business cycles we’ve commonly seen in the past.
Never has it been more important to get change and transition ‘right’ since the cost of failure is so high and so visible. Well-known thought leaders, however, consistently estimate that roughly 70% of major organizational change efforts fail to realize their desired outcomes....... (cont'd) |
