Successful Transformation: Is there such a thing?
Episode #189 // The term 'Transformation' can mean a lot of different things. I’ve seen it used to describe everything from a new IT system, to a simple cost cutting exercise, right through to a complete change in strategic direction and organizational structure.
However it’s defined, and whatever you want to call it, the unfortunate truth is that your transformation is unlikely to succeed. A research report recently released by McKinsey suggests that most transformations fail to deliver anywhere near the benefits that are envisaged at the outset.
Whether you’re a CEO calling the shots by making critical decisions on transformation scope, or someone who leads a team further down the organizational hierarchy, there are things you can do to increase the likelihood that your next transformation is a success.
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