While change is crucial for survival in the tech industry, implementing it is a daunting task. Studies from Harvard Business Review, McKinsey, Boston Consulting Group, and IBM all indicate low success rates for change management projects. This is primarily because change initiatives often fail due to poor planning, lack of commitment, and inadequate leadership support.
For instance, a company may plan to implement a new software system but fail to address the changes in workflow and processes that come with this transition. This lack of comprehensive planning can lead to resistance from employees, ultimately resulting in the failure of the change initiative.