BCG on Transformation

Leadership will make or break your transformation. Leadership changes during a transformation are linked to significantly higher success rates. However, changing leadership is not a guaranteed success factor; it also comes with high risks. This effect is less about the leader themselves than about their willingness and commitment to enact change—especially at a time when leadership engagement in transformations is declining. In our latest study, conducted by Martin Reeves, Kristy Ellmer, Christian Gruss, Adam Job, Gabe Bouslov, and Paul Catchlove, have analyzed 20 years of data on corporate transformations worldwide to uncover fresh evidence about this and four more compelling truths about #businesstransformation. Read on for more details in this article: https://on.bcg.com/4cWGRYD. BCG Henderson Institute #BCGonTransformation #CEO #leadership

Every transformation progresses from idea to execution, encompassing multiple ideas and execution challenges. Managing this complexity requires systematizing efforts through stage gates. Though often perceived as bureaucratic, a well-implemented stage-gate process accelerates progress and maintains direction. Read on for more in this article by Kristy Ellmer, Julia Dhar, Simon Weinstein, Cordelia Chansler, Paul Catchlove, and Connor Currier. https://on.bcg.com/3UXFdia #BusinessTransformation #BCGonTransformation #ChangeManagement #TransformationOffice

Join Matt Percy, Vice President of Business Transformation at John Deere, in a discussion with BCG’s Jonathan Van Wyck about how John Deere uses #AI as part of its #businesstransformation to boost value, spark innovation, and enhance efficiency. Discover the remarkable economic advantages for farmers and John Deere's unwavering dedication to sustainability at scale. #BCGonTransformation #Sustainability

In a landscape where constant change is the new standard, boards are recognizing that traditional engagement methods no longer suffice. Tuukka Seppä, Juliana Abreu, Dominic Klemmer, and Reshma Ramachandran share their practical experiences from collaborating with numerous "transformative" boards. https://on.bcg.com/3V2b3dF #BusinessTransformation #Transformation #ChangeManagement #Leadership #boardofdirectors #boards #boardmember

Successful #businesstransformation demands a long-term perspective, beyond simply resolving performance issues or matching peers' technology stacks and organizational best practices. Our latest study, analyzing 20 years of global corporate transformation data, reveals five compelling truths and dispels one myth: https://on.bcg.com/3yqIZZM. BCG Henderson Institute #BCGonTransformation #CEO #leadership

Leaders in transformation often overemphasize the "what" and underestimate the importance of the "how". Alexis Bour, who leads BCG Transform in Africa, shares his insights on why the "how" is crucial for achieving sustained impact in large-scale change. #businesstransformation #BCGonTransformation #ExecutionalCertainty #ChangeLeadership #TransformationSuccess

A 75% failure rate gives pause for thought to any business leader contemplating transformation. In this latest article, our experts highlight five truths and one lie that business leaders can embrace to increase their chances of leading a successful transformation. https://on.bcg.com/4cHJnlu. #businesstransformation #changemanagement #TransformationSuccess #changeleadership

Financial discipline is a core component of a successful transformation. It encourages accountability and alignment. The Transformation Office must be clear about the financial goals of the transformation and hold the organization accountable to them throughout the duration of the program. We recommend four steps to achieve financial discipline during a transformation. https://on.bcg.com/3wJqhfA #BusinessTransformation #BCGonTransformation #ChangeManagement #TransformationOffice

European companies are under unprecedented pressure to adapt. Our latest study on transformation and restructuring in Europe, developed by Special Situations team within BCG Transform, reveals that 21% of companies face significant pressure to transform. For more insights, read on for more in this article by Renaud Montupet, Jochen Schoenfelder, Nicolai Cummerow, Maxime Zarka, Dominik Bill.    https://on.bcg.com/3VrM30M   #restructuring #businessturnaround #businesstransformation #SpecialSituations #BCGonTransformation #Europe #EuropeanEconomy

Transformation programs are challenging and high-risk with a low success rate. BCG Managing Director and Partner Alexis Bour who leads BCG Transform in Africa, explains the three common traits of the successful ones. #businesstransformation #BCGonTransformation #ChangeLeadership #TransformationSuccess