The failure to achieve desired results is not new, of course, but it has become a major challenge for leaders who are at the helm under increased pressure. Facing such odds, leaders often pursue sweeping transformational change that will give their companies a competitive edge, boost performance and ensure their own future in the value chain. But the odds of implementing a successful change —whether it’s a broad-ranging efficiency initiative or a shift in strategic focus is low if there is no proper assessments of core competencies of the firm and a realistic assessment of the expansion is overlooked.
Five guiding principles can help an organization to predict outcomes and deliver results.
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