Leading Change

An Action Plan from the World’s Foremost Expert on Business Leadership. John P. Kotter

The rate of change is not going to slow down anytime soon. If anything, competition in most industries will probably speed up even more in the next few decades.

Why do firms fail?

1. Allowing too much complacency
2. Failing to provide a sufficiently powerful guiding coalition
3. Underestimating the power of vision
4. Undercommunicating the vision
5. Permitting obstacles to block the vision
6. Failing to create short-term wins
7. Declaring victory too soon
8. Neglecting to anchor changes firmly in the corporate culture

~ by Steven Viviers on April 30, 2008.