In last two decades nature, speed and magnitude of change has increased multi folds. Most of the organization and leaders are dealing with volatility, complexity, ambiguity, technology advancement, mergers & acquisition.Each organization and leader is looking for change so as to improve market valuation, shareholder value, return on equity etc.
Biggest challenges faced by Organizations today stems not from a dearth of new management approach, but preliminary from inappropriate response to change. Future success of organizations depends on how successful leaders are at leading that change.
The vast majority of today’s change efforts are failing to produce their intended business results. These struggling efforts are producing huge cost to budgets, time, people, customers, and faith in leadership. Organizations are spending tens of millions on change efforts such as reengineering and information technology installations, yet not obtaining their intended return on investment. Furthermore, the very methods used in these failed efforts are causing tremendous resistance and burnout in people, loss of employee morale, and turmoil in the cultures of organizations.