Perspectives on transformation

Seventy percent of transformations fail. Contributing factors include insufficiently high aspirations, a lack of engagement within the organization, and insufficient investment in building capabilities across the organization to sustain the change, among others. Learn more from senior partner Harry Robinson, a global leader of our Transformation Practice.

In this video, senior partners Jon Garcia and Wesley Walden discuss key factors supporting a successful transformation, including the importance of establishing ambitious goals and a shared vision that helps maintain a high level of commitment among leadership and all levels of the organization.

When organizations undertake a transformation to improve performance, research shows those efforts fail 70 percent of the time. In this video, Jon Garcia, founder and president of McKinsey RTS, explains how to beat those odds. Transformational change requires individuals to behave differently, which means that leaders must address how people think and act in their day-to-day work. Jon discusses how leaders can make a compelling case for change and act as a role model who will inspire others to adopt new behaviors.

Associate partners Chris Angevine and Darius Bates discuss the role of the transformation office in an enterprise-wide transformation and identify the key success factors that enable these offices to drive sustained impact.

In this video, senior partner Seth Goldstrom discusses how the transformation office removes roadblocks and accelerates decision making to drive sustained impact in an organization-wide transformation.

Associate partners Chris Angevine and Darius Bates discuss the critical need to allocate savings from a transformation into growth-related initiatives early on.

Sustained, profitable growth requires an integrated effort across the organization. Partner Sara Prince discusses the complex nature of a growth transformation and explains how organizations need to consider a range of growth levers to attain their full potential.

Executing a strategy revolving around growth and cost cutting is difficult. In this video, McKinsey senior partner Duncan Miller discusses how a structured, holistic approach positions companies to achieve both goals.

Organizations that are committed to a true transformation can’t be satisfied with just a few quick results. Transformation that reshapes an organization for the future requires a realignment of expectations, processes, and culture. In this video, senior partner Seth Goldstrom discusses four steps that organizations must take to achieve a successful, sustainable transformation.

For a transformation to be sustainable, companies must fundamentally change the day-to-day work of the entire organization. In addition to improving an organization’s performance and growth, leaders must also address culture, mind-sets, and the company’s organizational health. Senior partners Alejandro Beltrán, Matthias Winter, and Seth Goldstrom discuss the elements that ensure sustainability.

The successful execution of a business transformation requires more than hard work. In this video, Jon Garcia, founder and president of McKinsey RTS, discusses the importance of personal resilience by drawing on his experience in working with CEOs and other leaders in dozens of enterprise-wide transformations. As Jon explains, executives who strive to enhance their companies’ well-being must also be mindful of their own personal health to remain effective. He offers lessons in developing and maintaining resilience, such as prioritizing activities (including sleep), delegating, and developing a business culture that respects personal health.