the ceo magazine, change management,
CrisMarie Campbell & Susan Clarke, Authors, The Beauty of Conflict: Harnessing Your Team’s Competitive Advantage

Let’s begin by acknowledging an undisputable truth: Change is difficult. For everybody. Plus, it’s often unsuccessful. In fact, a survey done by the Economist Intelligence Unit uncovered that the failure rate for change is about 44%. That’s a lot of wasted time, energy, and money.

Don’t wind up in the 44%. As a leader, make your company’s change successful.

the ceo magazine, change management,
Mary Van Skiver

Regardless of the timing or the method of your business transition, developing and executing a roadmap for the journey takes time, thought and effort. This often makes it difficult to turn the key and start the first leg of the adventure. However, owners and leaders who have the desire for their business to not only survive, but thrive for years to come, engage their team to develop a plan with elements to ensure successful navigation to their final destination.

It’s an astonishing statistic, but roughly two out of three change initiatives fail to meet their stated targets.  This is significant since most companies must undertake moderate organizational changes at least once a year (and major changes every four or five years) due to disruption from technology, their industry and/or the competition.

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