Three key principles of change management paid PMInstitute
Yet successful digital transformation hinges on an organization’s ability to embrace change. According to a Forbes Insights and PMI survey of more than 500 executives, 85% of respondents say change management is critical to their success in these times of disruption. No longer can workers simply react to change in a highly competitive marketplace. Rather, they must prepare for seismic shifts in the way they lead teams, manage projects and address ambiguities.
In fact, more than a third—38%—of Forbes Insights survey respondents say their employees see change as too much of a threat. Fortunately, there are steps C-level executives and project leaders can take to manage disruption and ensure employees embrace automation, artificial intelligence and other innovative technologies—without affecting workforce morale. Here’s how.: C-level executives must play an active role in shaping employee attitudes toward change.
Hiring new talent can also contribute to a culture that supports change. With the right people, organizations can amplify expertise and build knowledge—critical ingredients for transitioning to new sectors. And then there’s organizational agility.
Certainly, change initiatives can be time-consuming and costly. But for those that take up the challenge, the rewards are plentiful. In fact, high-performing companies are defined by their ability to embrace a culture that supports constant transformation. Forbes Insights is the strategic research and thought leadership practice of Forbes Media. By leveraging proprietary databases of senior-level executives in the Forbes c...
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