What are the human and financial costs of badly executed organisational change programs (Part 3 of 3)- Navigating Towards Success

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