Change by the Numbers
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Chapter 3
Change by the Numbers
70%
The failure rate of change initiatives that do not meet their intended objectives. (McKinsey & Company)
25%
The success rate of change initiatives when effective change management practices are applied. (IBM)
2.5x
The likelihood of achieving project objectives when organizations effectively manage the people side of change. (Prosci)
96%
The percentage of organizations that consider effective change management crucial or important for project success. (Prosci)
8%
The percentage of employees who report being highly engaged during periods of significant change in organizations without effective change management practices. (Gallup)
88%
The percentage of employees who report being highly engaged during periods of significant change in organizations with effective change management practices. (Gallup)
3.5x
The increase in the likelihood of meeting or exceeding financial targets for organizations with excellent change management compared to those with poor change management. (Prosci)
50%
The percentage of organizations that expect their change initiatives to take longer or be more challenging than initially planned without effective change management practices. (IBM)
Exploring Change Rates Across Different Types
Strategy Deployment: Success rates range from 30% to 60%. (Source: McKinsey & Company)
Restructuring or Downsizing: Success rates typically range from 30% to 50%. (Source: Harvard Business Review)
Technology Change: Success rates vary from 20% to 60%. (Source: Forbes)
Mergers and Acquisitions: Success rates usually range from 30% to 50%. (Source: Harvard Business Review)
Business Expansion: Success rates can vary widely and do not have a specific range. (Source: Deloitte)
Cultural Change: Success rates can range from 20% to 60%. (Source: Prosci)
