Familiar Yet Fatal: 10 Common Pathologies of Failed Change Efforts
75% percent of ambitious change programs fail to capture long-term value. Despite these grim odds, globally, organizations spend $10 B annually on change management efforts. That is understandable in some ways — in our evolve-or-perish environment, organizations cannot afford to stay still. But more fundamentally, it suggests that organizations need to rethink the “tried and tested” approaches to change management. Our research suggests that change … [ Read more ]
Content: Article | Authors: Annelies O’Dea, Julia Dhar, Martin Reeves, Sana Rafiq | Source: Boston Consulting Group (BCG) | Subject: Change Management
6 Factors Driving Changes to Today’s Corporate Strategies
Strategy is a competitive game, which always evolves in response to competition. But the magnitude of the changes in the technological, social, and natural environment are such that corporate strategy will need to be qualitatively reinvented again for new circumstances. This article discusses six factors are driving these changes: 1) dynamism, 2) uncertainty, 3) contingency, 4) connectedness, 5) contextuality, and 6) cognition.
Content: Article | Authors: Annelies O’Dea, Martin Reeves | Source: Harvard Business Review | Subject: Strategy