Why do so many transformation efforts produce only middling results? One overarching reason is that leaders typically fail to acknowledge that large-scale change can take years . Moreover, a successful change process goes through a series of eight distinct stages. These stages should be worked through in sequence.
Read moreHow do I restart my stalled digital transformation McKinsey?
Notwithstanding the possibility of external disruption, three actions may help organizations overcome, or even avoid, a stalling of their digital momentum:
Read moreWhat is the failure rate of digital transformation?
In spite of all of that investment, an estimated $3.3 trillion by 2025, many digital transformation initiatives will fail — up to 84% according to Forbes.
Read moreWhat are the 4 key challenges of digital transformation?
The Key Challenges of Digital Transformation
Read moreWhy do most transformations fail McKinsey?
Why do most transformations fail? Seventy percent of transformations fail. Contributing factors include insufficiently high aspirations, a lack of engagement within the organization, and insufficient investment in building capabilities across the organization to sustain the change , among others.
Read moreWhy do digital transformations fail?
Poor onboarding processes and a lack of purpose-built systems for onboarding and implementation projects are the most common underlying reasons for failed digital transformation projects. With regular project and collaboration tools, the transparency and accountability needed on both sides are missing.
Read moreWhy do 84% of digital transformation typically fail?
Forbes is clear: 84% of Digital Transformation projects fail due to the failed adoption of technology – a fundamental aspect that results in the expected benefits. For this reason, Gartner warns of the need for a more innovative and sustainable approach for organisations to achieve their goals.
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