06/29/2024

How CEOs Can Beat the Transformation Odds

When it comes to transformation, the odds are stacked against success

Change can be daunting for any business. It can even be painful. But when change fails to deliver short- and long-term value for a company, it can land a CEO in the unenviable position of having led a failed transformation.

The odds are certainly stacked against success. A new BCG global analysis shows that only 1 in 4 transformations deliver value-creating, enduring change.

A 75 percent failure rate is sobering for any CEO mulling a transformation path. But BCG's analysis has brought to light five truths CEOs can embrace to improve their chances of leading a successful transformation, as well as a common lie they should never tell themselves.

Please select this link to read the complete article from BCG.