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Whether for strategic, financial or technological reasons, companies are increasingly finding that they must transform critical elements of the business. The ability to manage transition - that part of culture change that moves the company from the present to creating the future -- quickly, effectively and confidently is an important source of competitive advantage and shareholder value. But transition, by its very nature, severely stretches organizations, often pushing skills, resources and comfort levels to their limits.
Moravec and Associates' review of over 200 transition efforts, undertaken around the world in a broad range of industries, reveals that a few common elements determine the successful outcomes of almost all transitions.
Success or failure ultimately comes down to a thorough consideration of the following:
In and of themselves, these elements are not surprising. Leveraging these elements, all the while encouraging candid dialogue, focuses organization efforts on the most critical success factors. These five elements shine a spotlight on some very specific actions that improve the probability of success even before the transition is launched.