In a perfect world, companies would never have to downsize or reconfigure their operations. But in order to remain competitive and continue growing, restructurings or any type of organizational change are often inevitable — even for industry juggernauts.
The famed playwright and author George Bernard Shaw once said, “Progress is impossible without change, and those who cannot change their minds cannot change anything.” Although Shaw perfectly expresses how important change is, his quote doesn’t acknowledge how hard it is to carry out.
To remain competitive in the market, it’s crucial for companies to evolve and adapt to the changing climate. But organizational change in a company can be incredibly disruptive — affecting employees, top-tier executives, and the company success as a whole — if you don’t have strong change management. In fact, most efforts toward organizational change fail. Not many, but most.