What are the human and financial costs of badly executed organisational change programs (Part 2 of 3) – The Consequences and Costs

What are the human and financial costs of badly executed organisational change programs (Part 2 of 3) - The Consequences and Costs

As the change process unfolds, the consequences of inadequate preparation and execution become apparent.

The financial implications of poorly executed change initiatives are profound, with organisations facing potential losses in the millions to billions of pounds over the long term.

These costs come in many forms: direct financial losses, reduced productivity, increased turnover, and the incalculable cost of lost opportunities.

The impact extends beyond the balance sheet, deeply affecting employee morale and engagement.

The disconnect between leadership vision and employee reality can widen, leading to a loss of trust and a decline in team cohesion.

This stage underscores the necessity of strategic change leadership, highlighting the importance of clear communication and comprehensive support for employees.

Mitigating these risks is not just about avoiding financial loss—it’s about ensuring the organisation’s long-term health and competitiveness.

Let’s discuss – what are your thoughts, views and, your experience?

Barry Eustance CMgr MCMI
Kotter Change Leader Certified
Principal Consultant – The Sixsess Consultancy
Empowering Clients to Seize Opportunity from Change

https://sixsess.org

 

More Insights

Barry Eustance CMgr MCMI Profile image in black polo with The Sixsess Consultancy Logo in a fawn background
Barry Eustance CMgr MCMI

Ready to Seize Opportunity From Change?


Please Contact Me Now
for A Complementary Consultation

Please just click on the page in the background or the “X” to close this popup