Building a Foundation for Change: Why So Many Changes Fail and What to Do About It
A surprisingly high percentage of organizational changes are doomed to fail. According to recent surveys, reengineering efforts have about a 33 percent chance of success, mergers and acquisitions succeed 29 percent of the time, quality improvement efforts achieve their goals half the time, and new software applications hit the mark in less than 20 percent of the cases. What often goes wrong: Bright people develop a plan that includes a sound business reason for the change.