Business Transformations That Work
Business Transformations That Work
Business transformations are about continuously reshaping an organization. When they work, they enhance performance, increase efficiency, and create a competitive advantage.
Business transformations are about continuously reshaping an organization. When they work, they enhance performance, increase efficiency, and create a competitive advantage.
The conventional approach to business transformation — top-down directives coupled with bottom-up execution — isn’t working. Today, fewer than one in eight transformations yield lasting results. This article explores how leveraging the collective wisdom of middle managers and teams can significantly increase your company's chances of a successful transformation.
In the past few years, nearly every major corporation has begun a business transformation. In fact, our research indicates that more than 33% of large companies are currently engaged in a transformation project. But many of these programs fall short of their intended impact, with only 12% of major change programs producing lasting results. That’s because successful business transformations no longer mean following transformative programs periodically; they’re about building an ongoing process of change into the company’s operating rhythms. The key to success lies in the ability of individuals within the organization to embrace change initiated by leadership and driven from the middle out. With our extensive business transformation research and experience, we can help you adopt best practices to achieve transformations that work.