Many organizations get bogged down at the beginning of a transformation of their business, wasting valuable time, energy, and momentum. But moving quickly from the very start is essential to building value, find partners Louisa Greco and Zachary Silverman, who estimated that successful corporate transformations typically implemented initiatives that delivered 57 percent of value within six months and 74 percent by the end of the first year.
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A chart displays 4 vertical bars representing the transformational value achieved by top-quartile companies during the first 3, 6, 9, and 12 months following a transformation. Each bar contains a dark-blue shaded area indicating the value achieved during each successive 3-month period. The first bar shows that at 3 months post-transformation, companies achieved 28% transformational value. The second bar shows 57% transformational value at 6 months. The third bar shows 66% transformational value at 9 months. The fourth bar shows 74% transformational value at 12 months.
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To read the article, see “Ready, set, go, and keep going: Why speed is key to a successful transformation,” May 4, 2023.