Most Digital Transformations Fail -- Here Is Why, According to Experts ... Research from McKinsey & Company shows that the significant investment allocated towards new technologies can … His work at P&G is a testament to the power of exponential organizations. The cost of a failed transformation to a company, such as a major restructuring, an expansion into a new geography, or the integration of an acquired business, can be very high, with the direct costs of external consulting and internal management time paling in comparison to … In one case, a company gave out four-inch-thick notebooks describing its change effort. In failed transformations, you often find plenty of plans and directives and programs, but no vision. A McKinsey survey of more than 3000 executives around the world found that only one transformation in three succeeds. In this special collection, we help executives overcome the odds by bringing together fact-based insights about the roles of strategy, innovation, technology, and organization in creating successful transformations. The academic research is really clear that when corporations launch transformations, roughly 70 percent fail. Even though executives understand how important it is to evolve with technology and streamline digital solutions, it’s also important to remember that roughly 70 percent of digital transformations fail, according to McKinsey. Without management buy-in, small or large transformation efforts will struggle to gain acceptance by the organization. And we’ve found there’s a … Transformation change programs often fail for avoidable reasons related … So the key point is – more than 70% large “change programs” fail. Bottom line, being effective at a digital transformation … Regardless of why, these companies are introducing new ways of working to large numbers of employees, with the goal of producing a step-change, sustainable boost in business results. As we built the Transformation Practice, we studied why transformations go off the rails. And among those projects that fail, the same researchers uncovered that about half were unsuccessful because of internal resistance. Most organization-wide transformations fail. Approximately 70% of all IT Service Management (ITSM) transformation projects fail according to researchers from Gartner to McKinsey. “Tony’s mastery in getting digital transformation done is unsurpassed. Understanding why transformations fail is only a part of the process. Successful transformations require buy-in from stakeholders, a clearly defined scope and well managed plans throughout the transformation journey. However, the painful reality is that most transformations fail. 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