The Challenge of Organizational Change
Statistics can be misleading, we know, but when they are so lopsided, you have to lend them some credence. Bain reported that only 12% of change management initiatives achieve what they set out to do, and over one-third fail miserably. Given that rather pathetic record for successful organizational change, it is clear that business transformation requires much more careful and thoughtful attention. We all need to learn how to better manage organizational change.
The Fundamentals of Organizational Change
What we know for sure is that major, far-reaching, organizational change must first be fully backed by leadership and aligned with strategic priorities. Once that has been accomplished, it is time to consistently and actively involve a critical mass of key stakeholders to co-create a shared vision and co-design the new ways of thinking and working together.
That’s the so-called soft side of change – getting the hearts and minds of the people affected by change behind the initiative. But that is just the first step.
Four Common Elements of Successful Change
The advantage of looking at change through these four elements is that they can be clearly measured, easily understood, and quickly adjusted as needed to keep on track.
The Bottom Line
To succeed, change management simulation participants know that change needs both soft and hard markers. These four factors to better manage change will help guide the initiative. They will allow you to adjust the direction, speed, and resource allocation to see the change through.
To learn more about how to better manage organizational change, please download The 5 Science-Backed Lenses of Change Leadership that You Must Pay Attention To
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