Just how do leaders energise their people to embrace change?
The need for change is constant in a constantly changing business environment. Unfortunately, the failure rate of change projects has little changed in recent years, despite the increasing use of agile methods.
According to a 2012 McKinsey study, 17% of change projects conclude so disastrously that they threaten an organisation’s existence. In the case of large IT projects, McKinsey found that:
- 45% of projects run over budget
- 7% are delivered late
- 56% fail to deliver what they promised
To discover why so many projects fail, we need to look no further than the Global Innovation Leadership Study conducted by Capgemini Consulting and the IESE Business School.
Image: https://www.innovationexcellence.com
