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Why Does Change Fail?
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People aren't inspired by (or aware of!) the new vision
- Too few leaders champion the change
- Individuals do not see progress along the way
- Change is suffocated by barriers and obstacles
- Victory is declared too soon
- New changes do not become firmly anchored in the corporate culture
What Are The Impacts Of Failure?
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Cost and time overruns
- Poorly implemented strategies
- Failure to realize acquisition synergies and benefits
- Loss of market share
- Falling morale, commitment, and enthusiasm
- Talent drain
How Do I Create Successful Change?
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Create and broadly communicate a compelling change vision
- Establish a sense of urgency
- Develop at least 5 influential "change advocates"
- Consistently and visibly demonstrate the change vision
- Empower informed action and risk-taking
- Generate and celebrate short-term wins
- Explicitly anchor changes in the culture
What Are The Benefits?
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Business success
- Competitive advantage
- Talent retention
- Good morale and company loyalty
- Expanded expertise for implementing future changes
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