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Jesse Jacoby

He had all the aspirations of a normal boy. He wanted to play football, though not the American version. He wanted to have a career. He wanted to get married someday, and he didn’t have any advantages to help him.
As it turned out, he achieved a great deal more. At 19, he began his career as a motivational speaker. When he was 23, he founded an international non-profit organization, and two years later he added …

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Home » Change Leadership, Research & Studies, Change Management Tools

Don’t be a Statistic

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THE IMPORTANCE OF ORGANIZATIONAL CHANGE MANAGEMENT IS CLEAR:

  • More than 80% of CEOs say change management is a priority
  • 80% of CEOs cite the ability to adapt to change as a source of competitive advantage
  • Almost all CEOs expect that, over the next three years, their organizations’ need for change management will increase
  • 25% of CEOs expect that their organization will launch a change management function in the next three years1

YET…

  • Change literature regularly quotes failure rates of between 60% and 90%2
  • McKinsey found that some two-thirds of all change initiatives failed3
  • Bain and Co claim the failure rate is 70%4
  • The failure rate rises to 90% for culture change initiatives5

CONCLUSION: Most organizational change is not managed well.

Don’t be a statistic!


References:
1) BearingPoint (2009) Building your internal change capability. Insight White Paper.

2) McKinsey & Company (2008) Creating Organizational Transformations. The McKinsey Quarterly, July, 1 – 7.

3) Burnes, B (2009) Managing Change (5th edition). FT/Prentice Hall: London.

4) Rogers, P; Meehan, P; and Tanner, S (2006) Building a winning culture. Bain & Company: Boston, MA, USA.

5) Senturia, T; Flees, L; and Maceda, M (2008) Leading change management requires sticking to the PLOT. Bain & Company: London.

 

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Jesse Jacoby
The Editor of Emergent Journal and founder of Emergent, Jesse is a recognized expert in business transformation. He and his team partner with Fortune 500 and mid-market companies to deliver successful people and change strategies. Jesse is the creator of the Accelerating Change & Transformation (ACT) model and developer of Change Accelerator and Savvy Transition. Contact Jesse at 303-883-5941 or jesse@emergentconsultants.com.

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