Only 12% of the firms listed on Fortune 500 in 1955 were still on the list in 2015 because of mergers, contractions, acquisitions, or bankruptcies. In that same year, Cisco’s CEO, John Chambers, predicted that one third of businesses today will be not be around in 10 years.
New ideas and technologies have created unprecedented disruption, and will continue to do so. The difference between survival (e.g., Boeing) and bankruptcy (e.g., Kodak) comes down to three key things:
- Designing a strategy that is flexible and that accounts for the environment, customers and marketplace realities;
- Having the right leaders in place that support the strategy and who can successfully execute the strategy through supporting priorities and action plans; and
- Managing change over time by leveraging multiple communication strategies, adopting business metrics, and adapting processes and systems.
Our consultants partner with the CEO/Business Heads and their leadership teams to assess and diagnose the change issues, collaborate to test assumptions and identify risks, and facilitate change through best practices in change management, org design, and communication.
Contact us today to see how Talent Acuity Group can assist your organization as it attempts to adapt through changes related to new processes, technologies, acquisitions, mergers, etc.