The Change Society | 84% of Transformations Fail
Dec 03, 2020, 08:30 AM
It’s a pretty damning statistic and one that is trending in the wrong direction (for those that remember the old McKinsey stat of 70% of transformation programmes fail). To unpack why this is the case, we brought together two leading minds in the world of change - Jacqueline Shakespeare and Martin McPhee
00:06 - Welcome/Intro
00:25 - Theme of today - 84% of transformations fail
01:10 - Jacqueline Introduction
01:48 - Martin Introduction
03:24 - Why are 84% of change initiatives and transformations failing
Digital Transformation as a buzzword
There is a pace of change we’ve never seen before
We can’t predetermine an outcome based on our own actions
06:47 - What are the main traps and barriers in the way of effective change
How we work today vs how we worked 100 years ago
We were educated to think in a linear manner not an exponential manner
Digital Transformation of working practices accelerated 6 years in 6 weeks
12:55 - What is the one thing that needs to change to change the script
‘There is a nice new car in the driveway and nobody knew how to drive it’
Help organisations understand how complex this journey is
There isn’t ‘one thing’ because it’s complex
Getting really strong foundations in place
19:11 - Why are most organisations treating change as a commodity
How do they know what success looks like if you don’t measure it
People are using tools that worked in an era that was yesterday
‘I’d like to know the hindsight upfront’
It must be terrifying being a CEO or COO and seeing that stat of 16%
28:29 - Are people too fearful to start the process in the first place?
Some industries don’t have to think about disruption, but not many.
Every company must have change at the heart of its agenda
Learn, evolve, learn, evolve essentially every 90 days
When you’re shaping the future of work it’s the most exciting place to be
36:46 - What are the secrets behind sustainability and getting change ready
The foundations of change
‘I no longer fear change anymore’
41:11 - Wrap up/What advice have you got for people leading change
Don’t fear change
00:25 - Theme of today - 84% of transformations fail
01:10 - Jacqueline Introduction
01:48 - Martin Introduction
03:24 - Why are 84% of change initiatives and transformations failing
Digital Transformation as a buzzword
There is a pace of change we’ve never seen before
We can’t predetermine an outcome based on our own actions
06:47 - What are the main traps and barriers in the way of effective change
How we work today vs how we worked 100 years ago
We were educated to think in a linear manner not an exponential manner
Digital Transformation of working practices accelerated 6 years in 6 weeks
12:55 - What is the one thing that needs to change to change the script
‘There is a nice new car in the driveway and nobody knew how to drive it’
Help organisations understand how complex this journey is
There isn’t ‘one thing’ because it’s complex
Getting really strong foundations in place
19:11 - Why are most organisations treating change as a commodity
How do they know what success looks like if you don’t measure it
People are using tools that worked in an era that was yesterday
‘I’d like to know the hindsight upfront’
It must be terrifying being a CEO or COO and seeing that stat of 16%
28:29 - Are people too fearful to start the process in the first place?
Some industries don’t have to think about disruption, but not many.
Every company must have change at the heart of its agenda
Learn, evolve, learn, evolve essentially every 90 days
When you’re shaping the future of work it’s the most exciting place to be
36:46 - What are the secrets behind sustainability and getting change ready
The foundations of change
‘I no longer fear change anymore’
41:11 - Wrap up/What advice have you got for people leading change
Don’t fear change