applied know how
In today’s highly competitive business landscape, developing a successful strategy is more critical than ever. But with so much uncertainty and rapid change, it can be challenging to know where to start. A recent McKinsey Quarterly article provides an overview of the current challenges facing companies when developing and implementing a successful strategy.
One valuable takeaway from the article is the importance of developing a clear and differentiated strategy.… Read more
As a good faculty member I adhere to the traditional foundation of change management in business schools which are the works of Prof. Kurt Lewin (change as three steps- CATS– devised in the 1950s) and Prof. John Kotter (8 step change model).
I always start this session with a simple statement from McKinsey… 70% of change programs fail! … Read more
In the digital world, your consumers can’t help but shop around.
Regrettable, but true… loyalty is down, but not out.
The past few years have seen exponential growth in tools that have made researching and purchasing products online vastly easier. We’ve seen an explosion of mobile shopping apps that showcase options, simplify pricing, compare product specifications, and facilitate peer reviews that make switching brands easier.… Read more
There is a much repeated statement in business at the moment that 70% of change management projects fail.
Wow!
If after all this time and focus on managing change projects as still 70% failure, what’s going on?
I teach a session for various corporate clients on implementing change, and I’ve seen this statistic quite a bit, and I’m revising an upcoming session and looking for a motivator to get people to pay attention to the session.… Read more