50-70% of new executives fail within the first 18 months, regardless of whether they were an external hire or promoted from within (Corporate Executive Board research). And difficulty adapting to change is cited as the most frequent cause. Karen Meyer-Ponzi, Executive Development at AbbVie, shares key steps and programs she implemented at AbbVie to build a highly successful Transition Support Program for AbbVie's transitioning VPs.
Today’s rapid pace of change, combined with a strengthened focus to retain talent, places greater pressure on leaders to fully address the human side of change. Leaders should integrate 4 critical change components to ensure they have an energized and motivated organization to positively affect the desired change.
Leading change is no longer about just the financials. Successful, sustainable change requires a broader, intentional focus on leading with foresight and planning. Lead change more effectively by integrating these 4 key components and asking these 3 important questions.
