Most transformation efforts fail. Major new research from
@BainandCompany says only 12% of big change programmes produce lasting results. They identify six "good practices" for large scale change strategies that greatly increase the likelihood of success:
1) Treat transformation as a continuous process rather than a discrete programme.
2) Build it into the operating rhythm of the organisation
3) Explicitly manage energy for change - sequence changes to avoid widespread organisational fatigue
4) Use aspirations, not benchmarks, to set goals - top-down data driven mandates can crush transformational thinking
5) Adopt a “middle-out”, rather than "top down" approach
6) Allow sufficient funding (in the research, nearly every failed transformation wasn't funded properly)
hbr.org/2024/05/transformati…. Via
@HarvardBiz