Why it Takes Time to be an Overnight Success
Successful transformation programs require internal alignment, which is the foundation of strategic success. This alignment takes time and investment, but it prevents failure. Unfortunately, over 70% of significant change initiatives fail. The first action an organization must take is to ensure shared executive focus and agreement on priorities. The core team should comprise specialists focused only on the program. Program leaders must be fully empowered and responsible. There are often gaps between planning a strategy and executing it. To counter this threat, there must be a vision that recognizes the company’s capability and readiness for successful program execution. A reporting system should identify, track, and solve any program problems.