“Change is all that’s constant in life.”
No business leader can convince investors to state things as they are. Although CEOs and chief financial officers are constantly looking for ways to drive innovation, only a small percentage of Jason Daniel Hare change management programs have been successful. Why is this so? Research shows that 70% of changes in multinationals fail within the past 15-years.
Just a few of the world’s trends are globalisation, globalization, emerging technology and corporate social responsibility. Organizations must adapt and change, but a successful company knows that it must be proactive, not reactive.
Major strategic shifts occur more frequently and faster now than ever. This shows how important it is to understand the risks, stakes, and costs of failure in change management. Today’s staff are expected to undertake three to four-times the amount of change they can normally handle. Some staff may even be disappointed by this “fluidity.” Change management is an important core competency. The ultimate corporate advantage is the ability to transform. Many people view change as a positive force. They see it as an opportunity for reassessing the fundamentals and keeping excesses under control.
What are the steps required to make change management work? Here are some tips to help you get started.
- Communicate- Prepare your troops
To make major changes, the first step is to convince everyone that a fundamental shift in behavior is required. It is not enough to just throw your employees under the bus with changes. Jason Daniel Hare need to instill a sense of passion that drives deep-seated, lasting change. Employers have to give Generation Y a reason they can fight for, especially since it has been proven that they need a sense if reason and personal interest.
Management of change requires tone from the top. Senior leaders should ensure that the change process is well managed and communicated. It is essential that senior leaders clearly communicate the need for resources, the desired outcome and who will be responsible. Some experts have pointed out that the failure of change management initiatives is often due to poor communication from management and audit teams.
- Get the resources you need to equip your troops
A willingness to accept change is essential for employees. Ironically, companies can spend millions to merge or acquire businesses but only half that amount on training. Like a soldier needing his weapons to fight, employees must be well-equipped for business. You must carefully plan and execute your learning and development.
To ensure people are prepared for the future, one must first understand what the new skills require. Then target and tailor training efforts to help them. When there is transformative change, new skills can often be more behavioral than technical. If an employee has lost their administrative job, they may be willing and able to do the more important business liaison role, but don’t have the necessary skills. For the employee to be able to rotate to the new position, this will require time and education. Communication is essential between the top management and the employee in order to resolve any expectations before the employee assumes their new role.
- Reward the right numbers with focus and reward
We all know that goals need to be S.M.A.R.T. This means the goal must have a specific and measureable purpose. People are naturally resistant and can overpower organisations when they undergo changes. Traditions often dominate organisation. It’s helpful to break down large-scale transformations into smaller steps. This will allow your organisation to celebrate and monitor achievements. It is possible to use short-term wins to give momentum to the team so they can accomplish the big changes. It is crucial that you measure and celebrate your successes, rather than assuming that they are achieved.
You must also ensure that you measure the right things and reward them accordingly. Your carrot must reward the right behavior. This will enhance your business’ value. There is no magic solution to all of this. This is why it is so important to gather the troops by constant communication, providing them with the required resources, and keeping an eye on the key indicators that indicate success.