Most companies fail to successfully launch , drive , and sustain their transformation efforts – they do not sufficiently drive behavioral change and fail to unlock the full value of their transformation ambition
5 out of
10
S & P 500 COMPANIES will be replaced over the next ten years
9 out of
10
COMPANIES have launched one or more transformation projects in the last ten years
8 out of
10
TRANSFORMATION PROGRAMS do not achieve their financial and operational targets
LAUNCH
• Setting targets too conservative or optimistic
• Lack of shared purpose and alignment among leadership team
• Lack of commitment by leadership team
SUSTAIN
• Insufficient communication of purpose
• Failure to engage employees and drive behavioral change to overcome resistance
• Overstressing of employees and lack of building required capabilities
TRANS- FORMATION
DRIVE
• Insufficient linkage of initiative targets to financial and / or strategic goals
• Unbalanced portfolio of initiatives ( i . e ., focus on short-term cost reduction )
• Insufficient accountability and / or capabilities among initiative owners
• Missing transparency on progress and execution due to poor definition of targets , milestones , and responsibilities
Source : goetzpartners
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