Successful transformations harness the collective wisdom of middle managers and teams. To increase your company’s chances, you need to: 1) Enlist your very best middle managers. Transforming a business demands a blend of creativity and ingenuity. By setting this challenge you can also test and nurture the next generation of leaders.
The conventional approach to business transformation — top-down directives coupled with bottom-up execution — isn’t working. Today, fewer than one in eight transformations yield lasting results, leaving seven in eight lacking sustained impact. While the traditional top-down method may aid in cost-cutting and efficiency, it fails to produce enduring breakthroughs in business performance.is a leader in Bain’s Organization and Strategy practices and is a partner based in Austin, Texas.