The pace of change in today’s marketplace and ecosystem is colossal. Changes in Information Technology, rapid changes in Customer Behavior, quick amendments in Government policies — all these factors are making it difficult for business owners to confidently undertake the transformation that can yield the desired long-term outcomes. While large-scale organizational transformations were necessary since ancient times, the exponential, multi-dimensional, and often times, geopolitical changes of today make it critical for organizations to understand what makes transformations successful and what makes them fail. It can be ruinous for organizations if they ignore these aspects.
If I were to list down the reasons of successes and failures of large-scale transformations, a decade ago, it would be project management abilities, organizational culture, change management etc. In today’s environment, my top choice would be the inability to predict what is in store for the futur...
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