Why Some Business Transformations Fall Flat

By Dennis McCafferty  |  Posted 05-06-2015 Email

Nearly all companies are pursuing some kind of organizational transformation, according to a recent survey from KPMG. However, a significant share of these initiatives are failing to achieve intended business benefits. Barriers to success include the existing corporate culture and inadequate legacy tech. Companies also hurt themselves when they fail to align impactful metrics to both strategies and needed business outcomes before launching a transformation. "While transformation is widespread, success is not," said Stephen G. Hasty Jr., global transformation leader at KPMG. "Organizations face a convergence of triggers, including changing customer demands and preferences, disruptive technologies and the evolving regulatory environment. Companies can achieve more value when they respond swiftly to these triggers with a clear understanding of how transformation supports their strategic vision and desired business outcomes." More than 960 executives-most of them C-level-from U.S.-based multinational organizations took part in the research.

Dennis McCafferty is a freelance writer for Baseline Magazine.


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