Summary
In the past year, 26% of enterprises took on six or more strategic change initiatives; 6% took on more than 50. That’s too many. Business leaders support reducing this number to between three and five. Former H&M Group CTO Alan Boehme told us: “Most companies will be lucky to finish three projects a year. You have to select the ones that will generate the biggest boost to profitability.” What are the risks of overcommitting? Delays in reaching milestones, employee burnout, and half-baked initiatives that don’t deliver. Business leaders should use a system to compare the risks and rewards of change initiatives and commit to a few that have the biggest bottom-line impact.
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