In today’s disruptive business landscape, continuous improvement is a must, even just to stand still. So whether this means operational improvements, organisational and business model redesign or true transformation, employees must accept that change is normal.
This ever-growing need for change is pitted against a backdrop of failure: “…about 70% of all change initiatives fail”. This figure has been backed up by research year after year. In 2018, an IDC report found that of the $1.3 trillion spent on digital transformation an estimated $900 billion went to waste. Despite this, annual digital transformation spend is forecast to be $0.3 trillion a year.
If transformation is here to stay, how we do position ourselves to succeed against such oppressive odds?
Read the latest insight in our T&C series, Change Management - the Key to Transformation, produced in partnership with Natalie Smith.