Choreographing a Full Potential Transformation
Transformation is one of those overused words in business, which can mean almost anything—from a quick-and-dirty restructuring to a full-scale corporate rescue. We define Full Potential Transformation in the most literal sense: a cross-functional effort to alter the financial, operational and strategic trajectory of the business, with a stated goal of producing game-changing results.
In our experience, identifying the need for a broad transformation and implementing … [ Read more ]
Content: Article | Authors: Charles Ormiston, Manny Maceda, Michael Garstka | Source: Bain & Company | Subjects: Change Management, Management
Leading change management requires sticking to the PLOT
There’s no single, perfect answer for leaders pursuing change initiatives; instead, success requires taking several basic steps. We’ve codified four elements in an approach we call PLOT: Plan, Lead, Operate, and Track. The PLOT framework–a toolkit for change management–calls for leaders to identify the sources of value and then focus on a few areas for improvement: get the right people in place quickly, rally the … [ Read more ]
Content: Article | Authors: Lori Flees, Manny Maceda, Todd Senturia | Source: Bain & Company | Subject: Change Management