Even with so many available resources three-quarters of change initiatives fail. Pursuing organizational change management is tricky and requires the finest business acumen and practical solutions for successful implementation.

In brief:

1. Change management is critical to stay ahead in business, but 70% of initiatives fail.
2. Lack of buy-in from stakeholders, communication, resources, and resistance to change are the top reasons why change management initiatives fail.
3. To succeed, it is crucial to identify key stakeholders, plan proactive communication, allocate and manage resources, and address the underlying causes of resistance to change.

Managing change within an organization is like navigating a ship through rough and choppy waters. Just as a captain must keep a steady hand on the helm and adjust the sails to avoid capsizing, leaders must keep a firm grip on change management initiatives to keep their organization afloat in today's turbulent business landscape.

The landmark Leadership IQ study, Why CEOs Get Fired, discovered that mismanaging a change effort was the top reason why chief executives were pushed out. The report indicates 31% of CEOs are fired for poor change management.

Even with a plethora of tools, research papers, case studies, and AI & ML at our disposal, the success rate for change management continues to be miserable.

Here are 4 reasons why change management efforts actually fail

Lack of Buy-In from Key Stakeholders

When key stakeholders are not on board with the proposed changes, they may not provide support for successful implementation.

For example, if a new technology implementation is proposed, executives and managers must fully commit to the change and demonstrate their support to employees. Otherwise, employees may not take the change seriously or have the necessary resources to implement it effectively.

What to Do:

• Identify key stakeholders early on and engage them in the process
• Share the vision and benefits of the change
• Actively involve key stakeholders in planning and implementation

Lack of Communication

For successful change implementation, ongoing team communication is vital, and it must be proactively planned and scheduled.

During times of change, leaders often experience frustrating scenarios where they believe they have communicated clearly and frequently, but many employees are still confused, with some blaming them for not providing enough information.

Brain imaging research shows that emotional states impair our ability to think cognitively. People's ability to process information reduces by 80% when they're under stress!

As a supervisor, you must address your employee's emotions around the change, provide resources, be available, and model self-care.

This is why the change experts at UniAspect Digital communicate extensively with your employees during change. This ensures everyone hears the same message, understands the new direction, and knows how their work and behaviors will be impacted.

What to Do:

• Plan and schedule proactive communication to keep everyone informed and on the same page.
• Address and manage emotions around the change to prevent them from impairing cognitive abilities.
• Provide resources and support, and be available to employees to help them navigate the uncertainty.
• Model self-care and take steps to reduce your own stress and anxiety during the change.

Lack of Resources

Change initiatives often require significant investments in new technology, training, and other resources. Without proper resource allocation and management, the project can fail, leading to frustration and dissatisfaction among employees and customers.

What to Do:

• Identify the necessary resources for the change initiative
• Ensure that resources are properly allocated and managed
• Develop a plan to monitor and adjust resource allocation as needed

Resistance to Change

It’s a notoriously common belief that successful change occurs by following a logical sequence of steps, which usually involves analyzing the situation, thinking about potential solutions, and implementing the change.

Our experience as leaders in change management shows this approach is not always effective, as people's emotions play a crucial role in the change process. Some employees may be resistant due to fear of the unknown, distrust of leadership, or reluctance to try new things.

People need to see the need for change, feel the need for change, and then be willing to make the change.

What to Do:

• Understand the underlying causes of resistance
• Involve employees in the change process
• Provide training and support
• Address employee concerns and feedback

In conclusion, managing change is crucial for an organization's success in the rapidly evolving business landscape. The failure to properly implement change can have devastating consequences.

UniAspect Digital helps organizations navigate these choppy waters and successfully implement change management initiatives.

Our expert team provides proactive communication, resources, and support, ensuring everyone is on the same page and ready to tackle the challenges that come with the change. Don't let poor change management sink your organization.

Contact UniAspect Digital today to learn more about our change management services and take the first step towards a successful change initiative.