The pandemic urged organizations to take a hard look at how they do business, including how they foster trust among their employees. But embarking on a change journey is not a simple task: more than two-thirds of company transformations fail, according to a recent McKinsey survey. And 20 percent of loss occurs not during, but after, the actual transformation. So, what can companies do to ensure their transformations improve organizational performance and sustain those improvements over time? Check out our insights on transformation to understand how leaders can drive effective and long-lasting change, with topics including:
- Investing in digitization and automation
- Embedding transformation into day-to-day processes
- Developing financial incentives to achieve desired outcomes and behavior changes
- Shifting organizational culture to embrace transformation
Transforming through disruption: A conversation with Dan Antonelli
The powerful role financial incentives can play in a transformation
Losing from day one: Why even successful transformations fall short
Author Talks: How to gain a competitive edge with organizational culture
Transformation in uncertain times: Tackling both the urgent and the important
How capability building can power transformation
Seven principles for achieving transformational growth
When do you need a chief restructuring officer?