For the last few years, we’ve been conducting a regular change survey with our clients. In 2018, out of over 2,000 managers participating, 47% reported that in order to survive, they needed to reinvent their businesses every three years or less. Data from 2020 is still coming in, but the first 500 respondents show that the number has jumped to 58%.
3 Things You’re Getting Wrong About Organizational Change
Invert your assumptions about risk-taking.
June 09, 2020
Illustration by Fabrizio Morra
Summary.
Despite universal recognition of the need to change and adapt frequently, businesses have, if anything, gotten worse at it. Some studies suggest that as many as 75% of change initiatives fail. The author suggests that correcting this failing will involve flipping three deeply held assumptions about what works in business. These are: (1) flipping from follow best practice to share your failures; (2) flipping from if it ain’t broke don’t fix it to fix it anyway; and (3) flipping from control your assets to share your assets.
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Change may be the only constant in today's organizations. Here's how to lead through it.
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New!
HBR Learning
HBR Learning
Change Management Course
Accelerate your career with Harvard ManageMentor®. HBR Learning’s online leadership training helps you hone your skills with courses like Change Management. Earn badges to share on LinkedIn and your resume. Access more than 40 courses trusted by Fortune 500 companies.
Change may be the only constant in today's organizations. Here's how to lead through it.