As McKinsey senior partner Seth Goldstrom notes, it’s no secret that most business transformations don’t deliver on their promises. In fact, our research reveals that only around 30 percent of transformations meet their targets.
In this interview, Seth outlines McKinsey’s approach to enterprise-wide transformations—and how companies can flip the odds to ensure their transformations are successful and sustainable.
Notably, he outlines the three key characteristics of companies that succeed in their transformations—particularly those aiming to move from good to great.
“We’ve found that when you apply a standardized approach based on best practices, companies do better. What we’ve done over the last ten years is develop a recipe for transformations that’s based on science and data.”
Watch the video here to find out more about Seth’s approach to transformation.