X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Experts estimate that the success rate of major change efforts in organizations is only between 30% and 54%. When a change effort fails, it not only results in financial losses, but also in decreased employee morale, lost opportunities and wasted resources. Many researchers and experts have pondered why the failure rate is so high. Most believe it is due to the lack of a formal change management program and ultimately a failure of leadership.

Stuart Levine

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.