Beat the odds: what causes transformations to fail?
Most of the times, behind the big ambitions to achieve the transformation goals, organizations often miss the fundamental elements that make them a reality.
This business world is cluttered with the vestiges of unrealized and unsuccessful transformational agendas and plans that many of them have made to the annals of history as failures we should all learn from. One in three CEOs says their organizations have failed to achieve the value they anticipated from previous transformation initiatives. McKinsey reveals that 72 percent of transformation programs fail to deliver their actual targets due to organizational issues. But why do so many grand plans undertaken by organizations fail to actualize? Transformations fail because there are wheels within wheels. And most of the times, behind the big ambitions transformation goals, and in the zeal to achieve those goals, organizations often miss the fundamental elements that make them a reality. From the failure to comprehend the intricacies of the operating model, undermining the significance of operating model changes necessary to affect transformation across the organization, the inability to...
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