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 McKinsey survey identified one third of the barriers to transformation were caused by Cultural and Behavioral Challenges. Most of the challenges point to the fact that the organization was not prepared to endure the stress of the transformation.
They were Not Ready to transform!
Why Should I Care About Readiness?
What do the world’s most elite military units and championship sport teams have in common?
They are always training, preparing, “getting ready” for the next mission or the next game. They know that the better prepared they are, the more likely the mission will be successful or the game won.
Need Another Reason to Care?
That same study "shows that cultural obstacles correlate clearly with negative economic performance". The study goes on to say "the experiences of leading players such as BBVA, GE, and Nordstrom, which have shown what it looks like when companies support their digital strategies and investments with deliberate efforts to make their cultures more responsive to customers, more willing to take risks, and better connected across functions.".
If you want to improve your bottom line results, "Executives must be proactive in shaping and measuring culture, approaching it with the same rigor and discipline with which they tackle operational transformations.".
Get Your Organization READY to succeed!
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.