In the boardrooms of Fortune 500 companies, a familiar scene plays out weekly: transformation initiatives that began with great fanfare are quietly shelved, their ambitious timelines extended, or their scope dramatically reduced. The statistics are sobering—studies consistently show that 70% of large-scale transformations fail to achieve their stated objectives. Yet the issue isn’t a lack […]
Approaching a “Fixed” or “Growth” Mindset to Increase Employee Engagement through Strategic Communication The mindset of your employees has an immense impact on how they think, feel, engage their colleagues, approach new challenges, and react to professional success or failure. Identifying and understanding the mentality of an employee is of critical importance to effective communication, […]
Pareto’s 80/20 Law teaches us how to get the greatest results. In a nutshell, it tells us that we get 80% of our results from 20% of our efforts. The flip side is also true. We expend 80% of our efforts in order to squeeze out the remaining 20%. The key, of course, is to […]
Also, check out Blueprint for Building an Internal Change Capability Two-thirds of all large-scale change initiatives fail to achieve their expected business benefits. This failure rate represents billions of dollars in lost productivity, wasted resources, opportunity costs and rework—not to mention the cost of lost jobs and workforce disengagement. Companies that learn to manage change effectively […]
Often the good intentions of leaders can morph into unintended consequences for employees when preparing to implement a large-scale business initiative (note: by large-scale we mean impacting many stakeholders). Why does this happen? In our experience, many well-intentioned leaders fail to fully appreciate the extent of the “downstream” impacts their strategic objectives will have on […]
One of the best strategies for gaining buy-in and support for your business initiative is through stakeholder engagement. By “engagement” we mean not only communications, but active involvement of the people who have a vested interest in the outcome of the initiative. Bear in mind, it is human nature for us to resist change when […]
In our previous article, How to Prioritize Stakeholders to Ensure a Successful Change Program, we introduced the Stakeholder Prioritization Map. Now we will explain how to translate that stakeholder prioritization analysis into stakeholder engagement strategies. As a reminder, stakeholders are individuals or groups who either will be impacted by changes resulting from the business initiative, […]
Successful change initiatives require strong committed leadership through the entire project by both the business sponsor and the implementation team members. When strong leadership is lacking, the risks are manifold, such as stakeholders believe the “wrong” people are leading the effort; leaders kick-off the initiative and are not seen or heard from again; leaders are […]
Jesse Jacoby
Andrew Deen
