For companies to survive and strive in today’s competitive environment, no longer is it enough just to manage change quickly and successfully … rather, it’s a core competence that can no longer be considered a discretionary “nice to have”.
Yet most organisations are falling short in the race to adapt. The accelerating pace of change, coupled with increasing uncertainty and complexity has pushed up this skills gap to what is now a major area of concern.
To make matters worse, reports show that most CEOs consider themselves and their organisations to be largely ineffective at bringing about change and reported the following success rates:
- 41% – Fully met objectives
- 44% – Missed at least one objective
- 15% – Missed all objectives or aborted
This means that a startling 59% of change initiatives failed to meet their objectives!
Another sobering thought is the stark contrast between those organisations who are getting change management right and those that are struggling.
The top 20% of organisations are successful 80% of the time, but that still means that one time in five they fail. The organisations in the bottom 20% only manage to achieve their change objectives 8% of the time – a statistic which is scary in the extreme.
There are some key barriers to successful change, which we will discuss in our next mailing (look out for this in your inboxes next week), but if this has worried you sufficiently to take steps immediately, the good news is that for 50 years, we at Sewells are very well placed to help you…now.
We work with companies large and small, enabling positive change within their organisations and we’ve helped CEOs and Senior Level Executives produce some of the most dramatic business improvements in the most competitive industries and through the most trying times.
Our approach is tried and tested – just look at some of the results we’ve achieved for our clients …
- As a result of our work with an organisation in the manufacturing industry they saw their closing ratio increase by 130%
- Another organisation, this time in the engineering industry, increased profits by £600,000 … after breaking even in previous years
- After working with an organisation in financial services their turnover increased from £87M to £148M – that’s an increase of 58%
If you want similar performance transformations, simply contact us today on 01244 681 068 or email firstname.lastname@example.org for a “no obligation” chat with one of our capable team … you’ll be really glad you did.