Change isn’t easy. In fact, most transformation programs don’t deliver the hoped-for results. BCG’s Office of the Chief Transformation Officer (CTO) helps companies beat the odds by putting the right individuals at the helm of their most ambitious change efforts. With a CTO in place, the rate of transformation success improves by 80%.
Failed transformations come with a high price tag—including shrinking profit margins, lost market share, and diminished competitive advantage. In an attempt to avoid these woes, organizations often designate a company executive in charge of transformation. But as with transformations themselves, many such transformation officers struggle to succeed.
BCG’s Office of the Chief Transformation Officer provides the resources companies need to tip the balance in their favor—by making sure their change leaders have the right skills and knowledge to succeed. We do this by bringing together a network of Chief Transformation Officers for regular training and support around five key stages along the CTO life cycle:
Our consultants know that merely having a Chief Transformation Officer on staff doesn’t guarantee victory. Informed by insights from interviews and analysis of successful and unsuccessful transformation programs, our recommendations and support are grounded in hard evidence of what makes CTOs effective—and what doesn’t.
BCG’s body of thought leadership on change and the Chief Transformation Officer role—including a wealth of articles and expert videos—sets the stage for CTO success.
Only a third of corporate transformations succeed, but two early decisions can help you buck the odds. A new BCG series, “Transformation Revisited,” shows how.
If everything is a priority, nothing is a priority. What do companies focus on in the critical early stages to ensure a successful transformation?
The odds are stacked against leaders who manage major organizational changes. But those who model the behaviors they seek and are persistent, hypervigilant, and flexible can improve their chances of success.
Change is hard, but readiness is all. Companies prepared to manage the leader, people, and program journeys can double their chances of success.
These change management tools by BCG offer essential techniques and strategies to set your change initiative up for success.
