Business transformation is notoriously hard and failures are heavily documented. What challenges are there and how can they be overcome?
From my experience, this article sums it up well. It's a 3-legged stool of culture, strategy and systems (whether technological, structural or procedural.) All three need to be considered together and interlinked during execution for a sustainable, successful outcome.
The proficiency of leaders in navigating choppy waters of change is usually governed by their vision and soft skills—what they see in the distance and how they bring people along—rather than an ability to follow closely “best-laid plans.” The key questions: Do your organizational leaders see and understand the holistic challenges ahead? Do they have the courage and conviction to drive the firm through a visceral and and difficult journey? Are they prepared to change their behavior? Or are your leaders applying the same old tactics? The point is that, if you are not prepared to rethink how you deliver value outside-in—if it’s all based on a “Tell-Sell” mentality with no real engagement or co-creation, people will nod at the right times and send along a representative to your meetings, but the initiative probably won’t deliver sustainable benefits you seek.