As we all know, change is the only constant in business these days - and the pace of change keeps quickening, particularly in the light of technology advancements, globalisation and other disrupters to historic business models.
But how are we managing change? Which change projects are the highest priorities? How should finite resources be prioritised to the various change projects?
The attached HBR article is really relevant, outlining a simple "DICE" model to assess and prioritise change efforts (Duration, Integrity of team performance, Commitment & Effort)...
Change is the status quo. Companies the world over realize that success depends on their ability to respond to new opportunities and threats as they emerge, and to keep rethinking their strategies, structures, and tactics to gain ephemeral competitive advantages. As a result, change initiatives have become more complex than ever before, cutting across divisions and functions rather than staying confined to silos. They are global too, often extending across borders to several nations with different cultures. Companies must set up and oversee change initiatives more systematically than they used to if they want to succeed. They must periodically evaluate projects against each other to ensure that they have deployed the right amounts of resources, people, and attention across competing efforts.