By akademiotoelektronik, 27/02/2022
Flying the plane of transformation | Finance and Investment
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The success of a transformation project depends on several factors. Having an experienced pilot and a mobilized crew is essential. A transformation program must also, to be successful, be structured and armed in proportion to its scope and ambition.
In any transformation project, the big challenge is to implement the changes in a sustainable way. Poorly controlled, transformation projects can be extremely costly in human and financial terms. Think of the digital transformation projects that can cost millions of dollars. The amount of money invested does not guarantee success.
What is the success of a transformation project based on? The ability of leaders to inspire vision and mobilize troops is often referred to as the magic ingredient. However, other equally essential factors must be considered to get the transformation plane off the ground and sailing, according to Harvard Business Review.
In summary, the level of success of the journey towards transformation is proportional to the requirements on the quality of the systems that you will put in place. Defining clear mandates and providing the necessary support to the teams will make all the difference between a smooth cruise and a chaotic epic. These steps will also allow you to focus on defining the why and meaning of the transformations in relation to your organizational objectives.
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