As if it wasn’t difficult enough tightening up the recession ropes, many organizations will soon find themselves reeling as the tide changes, and hiring and production once again swing into full gear. So the challenge becomes how to do more with less now, while preparing for the economic resurgence that’s on the way—all without compromising consistent quality.
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The solution lies in establishing an organizational environment that values employee communication and engagement at all levels.
Less “people issues” increases momentum
Organizational change initiatives in any economic environment fail at an alarming rate. According to the Wharton School of the University of Pennsylvania Executive Education Program on Leading Organizational Change, “Researchers estimate that only about 10 to 30 percent of companies successfully implement their strategic plans.” The primary reason Wharton attributes for organizations’ dismal track record managing change is “people issues.”
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