Current study by management consultants Bain & Company on failed business transformations

In my Post from February 2016 I quoted a McKinsey study which showed that only 30% of the business transformations launched achieve the set goal. The main reasons for the failure are said to be a lack of employee involvement and insufficient management experience.

This study has now been confirmed by a recent study by management consultants Bain & Company. According to this study, only twelve per cent of companies successfully complete transformation processes, while 20 per cent fail. The success of change projects depends 80 per cent on implementation, with employees being the key factor. One key recommendation is
" ... around four-fifths of the success of the change depends on implementation "

This is precisely where the deployment of a strong Interim Manager can help to successfully implement the transformation.

Here go to the Bain article on