Over $2T will be spent on business transformations in 2022  in the hope agility will transform the enterprise and bring it significant results: decreased costs, decreased risk, and improved productivity. These transformations are designed to create an environment that enables executives to adapt to rapidly to changing customer needs and stakeholder demands in a strategic rather than reactive way.
Unfortunately, 84% of these initiatives will fail .
Most strategies set project management goals,
such as on-time, on-budget, and activity based
delivery milestones. Upon completion, business
then seeks gain benefits and outcomes. They
struggle to establish and iteratively reap true
impact and outcomes in financial language,
such as cost savings and cost of delay.
People fear what they
don’t understand. The majority of staff reject a
transformation’s new roles, responsibilities and
processes, even if they will improve their lives,
unless they are slowly, consistently educated.
culture requires task-management and
direction. Agile teams require self-organisation
through establishing consistent guardrails for
decision-making. The clash of the two creates
friction that undermines progress of
Language is a key
influencer of culture. When people don’t receive
industry-aligned training, or their knowledge
and skills are out-of-date, misunderstanding of
new practices increases, including why they are
being adopted. Not using experienced
practitioners to coach and train people is a key
factor in failure.
To avoid failure of your business transformation, ZXM works with executives to plan strategies againstthree key issues and actively works to mitigate them.
ZXM’s whitepaper highlights:
1. IDC Worldwide Digital Transformation Spending Guide
2. Forbes (2022). 12 reasons your digital transformation will fail.
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