Only 1 in 5 Transformations Succeed.
One was READY!
Are you that LUCKY ONE?
The Majority of Transformation Efforts FAIL!
84% Of Companies Fail At Digital Transformation – Forbes
More than 70% of change initiatives fail. – Gallup
70 percent of change programs fail to achieve their goals – McKinsey
The brutal fact is that about 70% of all change initiatives fail. – Harvard Business Review
84% of Companies Fail at Digital Transformation – IBM
The 2016 McKinsey survey identified one third of the barriers to transformation were caused by Cultural and Behavioral Challenges. This and many of the other challenges point to the fact that the organization was not prepared to endure the stress of the transformation.
They were Not Ready to transform!
Too many vendors will tell you that installing their hardware, software, service, process, etc. will make you a Digital Enterprise. Sadly, it is not that easy.
The essence of Digital Transformation is the destruction of the static state. It’s not about executing a ‘digital transformation project’ and finding a new normal.
At The Institute, we define Digital Transformation as the integration of digital technologies into a business resulting in the reshaping of an organization that reorients it around the customer experience, business value and constant change.
Being a Digital Enterprise requires organizations to experiment often, become comfortable with failure and exist in a constant state of change. It means abandoning long standing “Industrial Era” business practices in favor of practices that are still being defined.
Our experiences are based on operating in an industrial era. It’s difficult to imagine a change of state this fundamental. So it’s easier to put in a paradigm we understand. Don't be fooled into thinking that you can just add technology to your current operating environment.
Digital Transformation is Cultural, not Technological.
How Do YOU Know if You are READY to Successfully Transform?
The Institute's "Digital Enterprise Readiness Framework" is the only tool that can analytically measure your organization's Readiness to endure the stress of a transformation.
Click Here to learn what you need to do to get Ready!