
Failure to do so could lead to stagnation or, worse, failure.Īpproximately 50 percent of all organizational change initiatives are unsuccessful, highlighting why knowing how to plan for, coordinate, and carry out change is a valuable skill for managers and business leaders alike. Businesses must constantly evolve and adapt to meet a variety of challenges-from changes in technology, to the rise of new competitors, to a shift in laws, regulations, or underlying economic trends.
