article thumbnail

It’s Time to Abolish the 70% Change Failure Rate Statistic

Change Starts Here

” One quote that never seems to be mentioned is this follow up in 1995, where Michael Hammer said: “In Reengineering the Corporation , we estimated that between 50 and 70 percent of reengineering efforts were not successful in achieving the desired breakthrough performance.

Kotter 143
article thumbnail

Don’t Overlook the Small Brands You Already Own

Harvard Business Review

But corporate development and M&A groups within companies need to apply the same rigor and imagination whether they’re evaluating the shiny objects outside of their companies or the seemingly dusty objects they already own. This is in keeping with the Japanese proverb, “The nail that sticks out gets hammered down.”

Brand 8
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Guru's Guide to Creating Thought Leadership

Harvard Business Review

Shifting from Drucker's erudition and measured tone to Hammer's revolutionary and provocatively violent declarations ("don't automate, obliterate") was a bit dizzying. Pick an Apt Objective. At this point the idea may have little budget, management support, or visibility within the company. As the U.S.

article thumbnail

What Does It Take to Create a Good Design Team?

Strategy Driven

The team itself includes the personnel, all of their assigned roles within the team, personal objectives, their methodologies and software (like the new Altium designer 18 package), and the framework they use. A great design team is only as good as the staff within it. Where is the line drawn? Every Team Member Has Professional Advancement.

Team 65
article thumbnail

What to Do When Your Boss Says No

Harvard Business Review

” He told me he regularly said no — to more staff, to bigger marketing budgets, to additional equipment. Without a larger marketing budget, sales will drop. Without a hammer, we’re more likely to think of a shoe as a good tool to get a nail pounded into the wall. His answer blew me away. “Say no!”

article thumbnail

The 5 Requirements of a Truly Innovative Company

Harvard Business Review

In our experience, it can take several months for a company to hammer out its defini­tion of innovation. If, for example, a company’s budgeting process is inherently conservative and makes it difficult for first-line employees to get funding for small-scale experiments, any investment in innovation skills will be wasted.