Whitepaper – Leading and Managing Change: Align, Equip, Sustain
Research cited in the Oct. 2014 edition of the Harvard Business Review notes that only a fraction of strategic plans are effectively executed and that “firms deliver just 50% to 60%, on average, of the financial performance their strategies promise.”
Leaders successful at executing a new strategy gear every activity towards 1) aligning everyone towards the same direction; 2) equipping the organization and its people with the required capabilities and skills; and 3) sustaining the change through formal shifts in measurements and rewards, and through leadership that is both supportive and steadfast as the change unfolds. Download the whitepaper.
In the conclusion of the whitepaper, Axiom’s experts write:
No two major changes efforts are exactly alike, even within the same organization. Going in, a leader never fully knows the risks ahead, or how and when priorities will shift over the life of the journey. However, what is certain is that successfully executing new strategic initiatives in any organization demands leaders who are adept at leading and managing change. In summary, ask three fundamental questions:
- How will we create the necessary alignment around our new goals and what it will take to achieve them?
- How will we equip the organization and its people with the capabilities to operate in the new way and how will our leaders learn the skills required to get them there?
- How will we ensure our people’s efforts will be sustained until we attain a more durable state in the new world we want.
Once you and your team can definitively answer these questions you have dramatically increased the chances that you will look back on your journey with pride and will be even more open to further strategic change, knowing next time will be even better.