Most Change Programs Fail
Bain & Company reported that most change programs fail. Their research found only 12% of change initiatives they surveyed achieved what the change programs set out to do. And over one-third failed miserably.
What’s Going On?
Certainly any executive team planning major change needs to understand why change programs fail and consider carefully how to avoid the most common change pitfalls.
A Typical Scenario
In effect, the senior team tells frontline managers and employees what to do. Great if all levels buy into the proposed plan for change. But that happens in less than half the change initiatives.
Here’s The Rub
The frontline needs to be involved in change from the beginning. Change that is imposed from the top down without alignment and buy-in with those who are affected by the change is doomed to produce lackluster results. To really achieve change program goals, organizations need everybody aboard…it needs to be an all-hands effort.
Six Key Ingredients to Successful Change
If tweaks are needed to the plan, they should be made as a whole team effort.
The Bottom Line
When change is needed to catch up or to outperform your competition, make sure you do it right. Done wrong, you waste time, money, productivity and risk employee disengagement.
To avoid being one of the companies where your change programs fail, download Rhapsody in Change: How to Mobilize, Design and Transform Your Change Initiative
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