While it is stability that most businesses strive for, in these new changing times, what they are finding more often than not is change that they have to contend with. How they deal with the change that they find themselves straddled with can have a major impact on whether or not they continue to operate profitably.
Common Problems and Issues
In a recent pole that was taken at a business convention in London England, a majority of executives voiced a clear opinion that it was the human aspects of their job, rather then the technical that caused them the majority of their concerns during changes at their place of employment. Would the junior managers and employees under them continue to work as a team Would they be able to lead the new organization effectively. Would any new changes lead to retention issues that could in turn exacerbate any preexisting problems or issues
Experience Counts
These are just a few of the reasons why more and more businesses today across the globe are turning to executive management consultants during periods of transition. It only makes sense that a person that has previously gone through stressful business transition periods would be better suited for navigating the uncharted waters that a companies management team can find themselves in.
Startling Statistics
The statistics on common causes for executive transition periods are startling when they are compiled and analyzed. Less than 50% of outsourced projects deliver results at or above initial projections. Also, fewer than 50% of business mergers are successful as well. Also, fewer than 50% of executive personnel interventions are initially successful. These are but a fraction of the reasons why the voice of experience is in such demand today, as businesses everywhere undergo minor to major periods of transition.
Tags: business mergers, business transition, executive transition, stressful business, transition periods