Organizational Development
Will your organization benefit from better efficiency and increased productivity? The obvious answer is ‘yes’. A good way to achieve these, together with a great number of additional benefits, can be achieved by way of committed Organizational Development.
Organizational Development is the practice of planned, systemic change in the beliefs, attitudes and values of employees for both, individual and company growth. The purpose of Organizational Development is to enable an organization to better respond and adapt to economic, industry or market changes but also to technological advances.
The organizations that engage in successful Organizational Development very often go on to exhibit higher levels of organizational swiftness thus enabling them to successfully navigate unfamiliar challenges with speed and minimal disruption.
We help companies achieving successful Organizational Development that affects the bottom line in a variety of ways.
- raising innovation to increase productivity, efficiency and profits
- increasing communication to influence employees to bring about desired changes
- minimizing employee turnover and absenteeism resulting not at least in reduced cost
- aligning objectives with a focus on employee development to increase employee satisfaction and with it product and service quality
- shifting the culture to one of continuous improvement to enable the company a distinct advantage in the competitive marketplace.
HMH VISION – we also help companies assess their skills and choose a new direction which utilizes the talents of the team and resources most productively.
Why do many organizational transformations fail?
There is an often quoted statistic that 70% of all organizational transformation and change initiatives fail. Not many are aware of some of the truly eye-opening facts and figures that paint a picture of the true impact of transformational factors, whether at an individual, team or organizational level.
- Company-wide change efforts are 12.4 times more likely to be successful when senior managers communicate continually. (McKinsey)
- 92 percent of change practitioners name top management sponsorship as the most important factor for successful change. (IBM)
- Nearly 60 percent of projects aimed at achieving business change do not fully meet their objectives. (IBM)
- When senior leaders role model the behaviour changes they’re asking employees to make, transformations are 5.3 times more likely to be successful. (McKinsey)
- Leaders create the climate for success – 50-70% of variance in organisational climate can be explained by differences in leadership styles. (Hay Group)
- Up to 30% of variance in financial results (profits and revenue) can be explained by differences in organisational climate. (Hay Group)
- 86% of C suite executives and 84% of all managers and employees say culture is critical to their organisations’ success. 60% see it as a bigger success factor than either their strategy or their operating model. (PWC)
- Less than 10% of leaders have the right capabilities and experiences required to successfully lead transformations. (PWC)
- Frontline employees taking the initiative to drive change elevates the success of transformations to a whopping 71%. (McKinsey)
- 31% of CEOs are fired for not managing organisational change well enough. (Forbes)
- 25% of change management initiatives are successful over the long term (Towers Watson)
How HMH VISION can help
HMH VISION supports you in setting up sustainable corporate structures that combine an optimal degree of business independence with effective governance.
Utilizing agile operating models, digital processes with clearly defined end-to-end responsibility and to your setup optimized sourcing concepts we increase step by step your competitiveness in a sustainable way.
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We believe in people in organizations play the most important role in creating success. By helping you creating modern job profiles, career models and leadership approaches we will help you to increase the motivation and loyalty of your employees which is proven to be an important change multiplier.
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We also ensure that the whole team is included in the process and that no one is left out during the turnaround. The most crucial part is ensuring some degree of financial stability during the turnaround.
This is the most worrying part for most clients going through or needing a turnaround; it means that incoming cash flows will change completely. We help ease these issues through fantastic financial projections and a realistic view of what can be accomplished.
Creating a list of potential qualified prospects for your service or product can be daunting when you’re beginning your business. However, this needs to be considered as a follow up on your Target Market Analysis so you can hit the ground running.
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