Surveys of companies around the world confirm that the majority of culture change and transformation initiatives do not achieve their objectives. In fact, a discerning observer could conclude that it would be foolhardy to even try to change an organization's culture.
Our experience and expertise, however, tell us it is indeed difficult, but not impossible, to change a culture. And, after designing and implementing dozens of culture shaping and change projects, we have learned what it takes to succeed. Culture change initiatives that work are characterized by 10 key principles and best practices.
Culture Change Success Rates
A recent survey looked at over 1500 companies worldwide that had engaged in corporate transformation initiatives in the past 5 years. 38% of these companies reported their initiatives were "completely" or "mostly successful." The remaining 62% stated their attempts to transform their organizations were only "somewhat successful" or "unsuccessful."
Success was measured based on improving the organization's performance using factors such as profitability, return on capital, market value and inventory reduction. Qualitative factors such as a positive shift in organizational engagement and morale, improved capabilities, and closer relationships with customers and suppliers were also measured.
Learning from studies like these combined with our 25+ years of hands-on experience helping clients on major change initiatives, we have come up with the top 10 culture change success factors.
If you are undergoing organizational culture change, this list is for you.
Read: The Top 10 Culture Change Success Factors
Download: Do You Have a High Performance Culture?
About LSA Global
Founded in 1995, LSA Global is a leading performance consulting and training firm that helps high growth technology, services, and life-science companies create a competitive advantage by powerfully aligning their culture and talent with their strategy. Learn more about getting aligned