Browsing: Change managment

Unless it’s a special night, you’re probably picking chicken because who can afford lobster all the time? Actually, you can since the price of lobster has dropped from $6/lb (1995) to $2/lb (2013) but you would never know it from restaurant or grocery store prices. Because they know that if they drop the prices, the experience (and therefore demand) of eating lobster will diminish, which is counter intuitive as you would think the demand would rise as prices fall.

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Multi-step models for managing change have been adopted by most companies today. Still, teams struggle to lead their initiatives in a way that falls into the “30% that succeed” and even when projects are “complete” and progress more effectively than in the company’s past efforts, the company fails to realize the intended benefits. One quick way to identify where things fell short is to examine where time and effort were allocated throughout the execution of the change process.

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