Magazine article Management Today

Wise Words: Self Coach ... Leading Successful Change

Magazine article Management Today

Wise Words: Self Coach ... Leading Successful Change

Article excerpt

Most leaders at some time in their tenure have a need to create change in their organisations, but it's well known that the majority of transformation initiatives fail to achieve their stated objectives.

Though there are many different factors that can derail attempts to achieve change, there are four factors that make all the difference to success. The Change Equation states that A+B+C must be more than D for change to take place:

A. VISION

A view of a future that can be different and better

(Where are we going?)

+

B. DISSATISFACTION

Unhappiness with the status quo

(Why do we need to change?)

+

C. KNOWLEDGE

of the first practical steps that will be required to start the journey to the desired future

(How will we get there?)

>

D. COST

The actual and perceived cost of making the change: financial, emotional, cultural

(At what price?)

IF YOU ARE LEADING CHANGE AND ARE CONCERNED THAT PROGRESS HAS stalled, YOU CAN WORK ON ALL FOUR OF THESE FACTORS:

A. You can make the vision more compelling by describing what it will be like for individuals as well as talking about the financial impact.

B. …

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