VUCA – an environment of relentless Volatility, Uncertainty, Complexity and Ambiguity. In this world, financial services institutions need to guide their people through constant change effectively, while maintaining their relevance and ensuring their future survival.
How will you lead your people through ever-shifting change effectively?
Change is changing. The way organisations approach and manage it is changing. And the practice of strategic change should adapt as well if it is to deliver the results organisations should have to survive and excel. Deloitte has released three papers which unpack the key issues leaders must unlock in order to remain relevant in a VUCA world.
Create rapid and sustainable change using your own colour palette is a piece that introduces the concept of “People Adoption”. People Adoption is a deliberate process that enables all employees to understand the reasons for change, the expected results, how this change will impact them, how they will benefit from this change and what they need to do to sustain this change. Once there is understanding, people start to change their behaviour – incrementally at first and then gain momentum.
Riding the waves of change: building an internal change capability examines the five factors to building and institutional change capability. Whether due to globalisation, new technologies, regulatory factors, increased competition, changing consumer profiles or a host of other factors, organisations will typically have waves of change initiatives to drive new operating models, technology implementation, customer service, cost reduction and process improvement.
Change programs fail to deliver the outcomes their sponsors seek. The reasons are manifold, but a common thread is wasted effort and time. One of the most critical needs is to accelerate change programmes – to reduce the wasted time that ill-directed or ineffective measures can cost an organisation. In Organisation Acceleration: the new science of moving organisations forward, we unpack a new framework for strategic change, called Organisational Acceleration, which harnesses analytics to guide a business in a more timely manner and more efficiently.
Click here to read Create rapid and sustainable change using your own colour palette
Click here to read Riding the waves of change: building an internal change capability
Click here to read Organisation Acceleration: the new science of moving organisations forward