JOURNAL ARTICLE

How to Set Transformation Targets That Actually Drive Change.

  • Published In: Harvard Business Review Digital Articles, 2024. P. 1 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Mankins, Michael 3 of 3

Abstract

This article discusses the challenges and failures of target-driven transformation programs in companies. Research has shown that only one in 12 target-driven transformations succeed in delivering sustained performance improvement. The article suggests four practices that can help companies achieve lasting results: changing leadership's mindset around targets, specifying targets in absolute terms rather than relative terms, using the company's budget or operating plan to monitor success, and setting more than cost-based targets. By adopting these practices, companies can increase the likelihood of successful transformation efforts. [Extracted from the article]

Additional Information

  • Source:Harvard Business Review Digital Articles. 2024/08, p1
  • Document Type:Article
  • Subject Area:Business and Management
  • Publication Date:2024
  • Accession Number:179403807
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