From Forbes: Transformation Transformed — Welcome To The Enterprise Orchestration Era

This post originally appeared on Forbes: https://www.forbes.com/sites/forbestechcouncil/2022/06/10/transformation-transformed-welcome-to-the-enterprise-orchestration-era/?sh=192171f040de

Transformation is a fail state. It’s not a reward or an exciting new opportunity. It’s recognition that the world has changed and you’ve failed to change with it. The leading companies taking your customers and market share exist in a constant state of evolution that recognizes and celebrates our new “survival of the fastest” reality.

GETTY (from Forbes)

Unfortunately, transformation is a very successful fail state that fails at an extremely high rate. BCG says 70% of enterprise transformations fail. It’s not just transformations — enterprises are terrible at executing all large projects. Standish Group notes that 28% of non-Agile projects fail entirely and almost 60% more don’t meet targets.

HBR estimates that there was $900 billion in wasted transformation spending in 2018. Failure is not a drop in revenue or market share but obsolescence and death. Innosight shows the average S&P 500 tenure in the 1970s was 35 years, dropping to 15 by 2025.

What does this mean for you? Your transformation is likely to fail, but not because your transformation itself is the problem. The idea that the delivery of a fixed-term project called a “transformation” will solve your challenges is the real issue.

Read this rest of this article on Forbes: https://www.forbes.com/sites/forbestechcouncil/2022/06/10/transformation-transformed-welcome-to-the-enterprise-orchestration-era/?sh=192171f040de