Most change initiatives fail. Be the exception.
Global expansion. New technologies. Deregulation. Consolidation. Instilling change quickly and effectively is a competency that is universally imperative—regardless of the size of the organization—for success in today’s marketplace.
What drives change?
- Mergers or acquisitions
- New business models
- ERP implementation
- Disruptive Innovation
- A host of other catalysts
Most large-scale change initiatives cross organization boundaries and are essential to the future. They call for focus and a sizable investment of resources beyond normal operating expenses and often pose significant risk to the future success or failure of the business. Frequently they do not show immediate return, yet managing change requires a great investment of time; and must be accomplished in a way that does not put today’s performance and results at risk.
Most change initiatives fall short of desired outcomes or, worse—create a new set of problems, resulting in losing productivity and falling short of desired outcomes.
Why Do Change Initiatives Fail?
There are numerous studies that show more than 66% of change initiatives fail or even worse, create a new set of problems. A Deloitte & Touche study indicates that the reasons most often cited for failure in managing change are:
- 60% – Resistance to change
- 42% – Limitations of existing systems
- 39% – Lack of executive consensus
- 28% – Lack of senior executive champion
- 28% – Unrealistic expectations
- 26% – Lack of cross-functional project team
- 25% – Inadequate team skills
- 18% – Ancillary staff involved too late
- 13% – Project charter too narrow
When examining this evidence, it becomes glaringly obvious that practically all of the issues that lead to failure in change initiatives are facets that involve people.
Insigniam Managing Change Approach
Insigniam promises the probability of a successful change initiative through:
- Establishing innovative and inspirational leadership
- Creating a unique approach to implementation and design
- Addressing key dynamics such as resistance to change and malicious compliance
- Generating Breakthrough Results while undergoing change