The Tribe Report 4. The Change Management Issue - Page 15

STATS CHANGE MANAGEMENT STATISTICS Different companies value different components of the change management process. The numbers below highlight the negative outlooks and challenges employees and companies operate under during a change initiative. These statistics can be used as a starting point when preparing for upcoming changes in your organization. F TWO-WAY FEEDBACK IS RATED AS AN EXTREMELY IMPORTANT COMPETENCY BY ONLY 17%. 70% OF ORGANIZATIONS HAVE SUFFERED AT LEAST ONE PROJECT FAILURE IN THE PRIOR 12 MONTHS. 99% 99% 99% 99% EXPECT AN INCREASED NEED FOR CHANGE MANAGEMENT OVER THE NEXT THREE YEARS. NEARLY ¾ OF EXECUTIVES IDENTIFY GETTING FULL EMPLOYEE ENGAGEMENT AS CRITICAL TO SUCCESS. UNDERESTIMATION OF COMPLEXITY IS LISTED AS A FACTOR IN 35% OF PROJECTS. ONLY 25% OF PROJECT PARTICIPANTS EXPECT THEIR PROJECTS TO SUCCEED. ACHIEVING PARTICIPATION THROUGH SEEKING SPONSORSHIP AND COMMITMENT DURING THE PREPARATION PHASE IS PURSUED BY 70% OF RESPONDENTS AND ABOUT HALF ESTABLISH REWARD AND RECOGNITION PROCESSES RELATED TO THE CHANGE. SUMMER 2012 | 15