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Apr 12, 2024 · A new global BCG study reveals that during the past two decades, only 26% of corporate transformations successfully created value in both the short and long terms. We highlight five truths about corporate transformation—and refute one lie that executives like to tell themselves.
- Martin Reeves
- Focus on tangible impact to create value for shareholders and other stakeholders. From the outset, show how the transformation enables strategy execution and creates value for all stakeholders.
- Be bold: Focus efforts and invest for growth. Transformation is an undertaking that favors the bold, therefore prioritize the initiatives that will deliver the most impact.
- Tailor the approach to fit the corporate culture and transformation objective. Not all transformations are created equal and there’s no one-size-fits-all approach.
- Align the leadership to build a winning team. Take a long-term approach to building the right leadership dynamic. Invest time early on to co-build with the top team an inspiring vision and transformation story and achieve alignment on all dimensions – economic, cultural, and content.
So how can change leaders beat the odds? We use our empirical insights to highlight five truths about corporate transformation—and refute one lie that executives like to tell themselves. Truth #1: You Can (and Should) Fix Things Before They Break.
May 27, 2024 · We have conducted an extensive study of over 20,000 business transformations worldwide. The results highlight five "truths" that consistently apply regardless of company type, sector, size, or...
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