Why We Need to Transform How We Transform
How can we overcome setbacks and continue to evolve? The past few months have been full of real obstacles for many of us around the globe: a pandemic, lockdowns, a real scenario of gloom and doom. Above all, the human cost of the crisis has been tragic. We have reacted to these heightened levels of stress and uncertainty in different ways. It is easier to talk about change than to live it. Changing other people’s behavior is the hardest. When fear blocks the ability to change for the better, it becomes one of our worst enemies. How can leaders overcome fear, engage their people, and start to re-build better?
When fear blocks the ability to change for the better, it becomes one of our worst enemies.
Transformation is hard and costly. 70% of large-scale transformation efforts fail to achieve their goals resulting in a loss of approximately $900 billion USD in 2018, according to Forbes. Leaders must learn to overcome obstacles to transform continuously.
Just to give you some insights we spoke to 1000+ executives to find what was plaguing their efforts to transform their organization. Limited resources, insufficient technology, skill gaps within internal talent, and a lack of processes for guiding strategy are the greatest challenges that executives face, according to the Brightline 2020 study, titled Mastering Strategy Implementation in Transformative Times.
At a time when the world is changing every second, organizations must think about how to survive, adapt and transform. These are times for being resilient and, above that, human beings. Leaders must explore options beyond furlough and layoffs. Now is a great time to develop new talents and be creative. Brightline’s research found that faster-transforming organizations are two times more likely to develop internal talent.
Our challenge today is to overcome the skills gap. We should empower teams to be creative, innovative, self-managed. These teams will be able to make quick decisions and help you to move the business forward.
One thing we must remember: effective leadership is a vital factor for transformation success. Organizations that transform quickly have leaders who set positive examples and commit to tangible goals. Every member of the C-suite should be prepared to handle these initiatives and defend our biggest common cause: how to build a better and inclusive society in the future.
Organizations that transform quickly have leaders who set positive examples and commit to tangible goals