With significant investments in Organizational Change Management (OCM), especially post-Covid, McKinsey’s findings of an average of 70% failure (30% success rate) in OCM initiatives bode abysmal bottom lines. However, McKinsey’s subsequent studies found that Change Management success soars to an 80% success rate when HR-based, change management strengths are leveraged.
Validating McKinsey’s findings on Change Management success, David Ulrich, Ph.D. (globally recognized Father of Modern HR) reported1 in his most recent global study on HR best practices’ value that the second most impactful competency in HR is that of Culture and Change Champion. Unfortunately, change management expertise within the HR profession remains a deficit at this time, contributing to the extremely high failure rate of change management in organizations.2