Change Management
The Challenge
New technologies, different business models, new regulations, constant innovation, globalization, fierce competition.... These are only some of the factors forcing organizations to constantly adapt and change at an ever- faster pace. The combined forces of speed and complexity make it challenging for most companies to keep up, let alone get ahead of the competition.
In this environment of constant flux, the ability to successfully drive, manage and positively leverage change has become an increasingly important competitive advantage. Yet sadly, most companies are far from equipped, with the failure rate of change projects still trending at 75%.
Studies show that 7 of the top 10 factors contributing to failed change projects and 9 of the top 10 factors contributing to successful change projects are related to "people factors," such as lack of sponsorship, employee resistance, inadequate training, and poor communication.
Despite the data to support its' importance, change management is often an afterthought or the first place that companies try to squeeze costs on projects. In a recent study, 75% of surveyed companies stated that they had no concrete change management plan in place and forcing them to be reactive in the face of change.
In contrast, companies, which invest in their change management capabilities, reduce the risks, costs and failure potential of change initiatives, as well as accelerate the delivery of desired benefits to the organization. They engage and provide people with a clear positive focus in turbulent times, as well as foster the behavioral and organizational changes necessary to ensure lasting results and continuous performance improvement.
The Approach
Whether you are seeking to successfully implement a change initiative or to build "change agility" as a competitive advantage into the fabric of your organization, Potentialyze can help. We provide you with expert consulting, coaching and best practice change management tools and methods.
We help you develop and implement a change plan to quickly and successfully achieve your initiative's objectives, as well proactively address the pitfalls that frequently cripple change efforts.
Key success steps to our change process include:
- Create a sense of urgency, a compelling case for change and an inspiring vision
- Develop a realistic business case based on a clear understanding of change implications
- Analyze the impact of the changes and the capacity of the organization to change, as well as develop a realistic roadmap
- Define and execute a change management strategy and roll out plan
- Ensure best practice 2 way communication and branding
- Create positive momentum by proactively engaging key people and demonstrating quick wins
- Ensure leader sponsorship and the buy in of all stakeholders at all stages
- Enable management to drive change within their teams
- Monitor progress and keep the organization accountable to realizing the business case
The Results
- Accelerated delivery of projected benefits
- Higher results delivered sooner, at lower cost and with minimal distraction to operations
- A shared sense of urgency and buy in, resulting in positive momentum and early quick wins
- High engagement and focus of leadership and workforce to drive the changes and achieve a common vision
- Increased organizational agility and change capability through development of competent change leaders
