Leading Change Management Essay

3822 WordsMay 18, 201516 Pages
10 Principles of Leading Change Management strategy+ business Published: June 6, 2014 / Summer2014 /Issue 75 Organizations & People Principles of Leading Change Management 10 These time-honored tools and techniques can help companies transform quickly. And watch the video, "How to Lead Change Management." by DeAnne Aguirre and Micah Alpern Since the mid-2ooos, organizational change management and transformation have become permanent features of the business landscape. Vast new markets and labor pools have opened up, innovative technologies have put once-powerful business models on the chopping block, and capital flows and investor demand have become less predictable. To meet these challenges, firms have become more sophisticated in the best practices for organizational change management. They are far more sensitive to and more keenly aware of the role that culture plays. They've also had to get much better on their follow-through. Yet according to a 2013 Strategy&/Katzenbach Center survey of global senior executives on culture and change management, the success rate of major change initiatives is only 54 percent. This is far too low. The costs are high when change efforts go wrong-not only financially but in confusion, lost opportunity, wasted resources, and diminished morale. When employees who have endured real upheaval and put in significant extra hours for an initiative that was announced with great Illustration by Lo Cole fanfare see it simply fizzle out, cynicism sets in. HOW TO LEAD CHANGE MANAGEMENT De.Anne Aguirre, senior partner with Strategy&, discusses techniques that can help companies transform quickly and effectively. http://www.strategy-business.com/article/00255?pg=all&tid=27782251 1/7 3124/2015 10 Principles of Leading Change Management Our experience with organizational change management
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