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8 Steps to Accelerate Change in 2015
1.
©2015 Kotter International Designed
by Stern + Associates 8Change in 2015 Steps to Accelerate STEP #1: Create a Sense of Urgency Your top leaders must describe an opportunity that will appeal to individuals’ heads and hearts and use this statement to raise a large, urgent army of experts. STEP #2: Build a Guiding Coalition A volunteer army needs a coalition of effective people - coming from its own ranks - to guide it, coordinate it, and communicate its activities. STEP #3: Form a Strategic Vision and Initiatives A vision must be bold, concise, authentic and evoke a clear future state. Initiatives must have defined goals and link directly to the strategy designed to create that future state. STEP #4: Enlist a Volunteer Army Large-scale change can only occur when very significant numbers of employees amass under a common opportunity and drive in the same direction. STEP #5: Enable Action by Removing Barriers By removing barriers such as inefficient processes or hierarchies, leaders provide the freedom necessary for employees to work across boundaries and create real impact. STEP #6: Generate Short-Term Wins Wins are the molecules of results. They must be collected, categorized and communicated – early and often – to track progress and energize your volunteers to drive change. STEP #7: Sustain Acceleration Change leaders must adapt quickly in order to maintain their speed. Whether it's a new way of finding talent or removing misaligned processes, they must determine what can be done - every day - to stay the course towards the vision 5xCompanies with engaged employees have 5 times higher shareholder returns. Organizations with a high number of actively engaged employees have an average of 147% higher earnings per share than the norm. 44% Real collaboration is about stepping outside of traditional institutional structures to focus on results. In fact, there is an 81% positive correlation between collaboration and innovation. It takes about six years of hard work to become an overnight success. -Seth Godin 37% of agile firms increase revenue when they employ leaders who strategically adapt to any situation The topic of change is in the foreground or background of every significant business conversation. The theme? The marketplace is changing faster than our ability to keep up with it: change is outpacing us. In fact, the inability to change is the primary reason that 70% of businesses fail to execute their strategies. Kotter International's renowned and award-winning 8-Step Process for Leading Change equips businesses with the means and method to transform themselves quickly, continuously and with powerful results. Sources: http://www.hrmorning.com/infographic-employee-engagement-what-it-is-and-isnt/ http://businessjournal.gallup.com/content/146972/strengths-boost-engagement.aspx http://info.4imprint.com/infographic/effective-collaboration-infographic/ via http://info.4imprint.com/podcast/effective-collaboration/ http://www.referenceforbusiness.com/management/Mar-No/Mission-and-Vision-Statements.html via Business Week http://www.bitrebels.com/lifestyle/habits-of-successful-leaders-infographic/ http://sethgodin.typepad.com/seths_blog/2008/06/what-dave-just.html http://www.bitrebels.com/lifestyle/habits-of-successful-leaders-infographic/ via HRD Press – Strategic Leadership Type Indicator http://guides.wsj.com/management /developing-a-leadership-style/how-to-develop-a-leadership-style/ Accelerate by John Kotter, p. 16 Don’t be a part of the 70%. Visit KotterInternational.com for more resources to help you accelerate change this year. of leaders agree that their own management strategies are too bureaucratic and are a nuisance. STEP #8: Institute Change To ensure new behaviors are repeated over the long-term, it’s important that you define and communicate the connections between these behaviors and the organization’s success. When surveyed, over 90% of managers and employees said the importance of agility and speed has increased in the last five years ” “ RESULT: You have a breadth of focused readiness across the workforce that is unprecedented in your organization. RESULT: The linchpin of your entire transformation is in place: an accountable, diverse group bound by opportunity, strategy and action. RESULT: You have a sizable body of employees excited and able to take action on critically important initiatives linked to your business strategy. RESULT: You have a single vision of the future with a credibility and authority that comes from being crafted by a diverse set of employees and validated by senior leaders. RESULT: You have tangible evidence of employee innovations stemming from collapsed silos and new ways of working together. RESULT: A body of wins data that tells the story of your transformation in validated, quantifiable and qualifiable terms. RESULT: You have confirmation of organizational fitness and stamina that enable the reinvigoration of your mission and help you and your employees stay the course of change over time. RESULT: You have collective recognition that your organization has a new way of working with speed, agility and innovation that directly contributes to strategically important business results. 71% of the workforce in America is actively disengaged. This costs U.S. organizations $300 billion annually. BILLION3 0 0 81% BusinessWeek attributes 30% higher return on several key measures for companies with well-crafted statements of why the business exists and its optimal desired future state. 90% 37% INCREASE
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