Organisation of the Future - flipping the odds for greater success
Start Date: 16 Sep 2014
Start Time: 12:00 PM
End Time: 4:30 PM
Duration: 4 hours 30 minutes
Venue: Platinum Suite, Halliwell Jones Stadium , Warrington, WA2 7NE › View map
Rapid change requires companies to reorganize more frequently, more fundamentally, and faster than ever before. However, the odds for failure are high. New research from BCG and 12 global partner organizations (including the CMI) has uncovered six critical success factors that can dramatically flip any company’s odds of re-organization success. This research was part of a broader study on the role of organizational capabilities in business success.
THE SIX MOST CRITICAL FACTORS: The following six factors appear to be the most important elements in reorganization success:
- synchronizing design with strategy,
- clarifying roles and responsibilities,
- deploying the right leaders and the right capabilities,
- designing layer by layer (not just from the top down),
- minimizing execution risk, and
- re-organizing during a period of strength (rather than distress).
THE MULTIPLIER EFFECT: The success rates of companies that incorporated all six success factors into their reorganization effort were multiples higher than those of companies that did not. And with each additional factor, the proportion of success increased. It’s not just a matter of doing the right things either: when organizations did the opposite, failure rates increased. Armed with these insights, companies can improve their odds of reorganization success and of achieving its ultimate purpose: driving competitive advantage.
This event will be an inter-active half day led by Nick South. Nick will set the scene by outlining the scope and findings of global research, and the themes will then be discussed by delegates in round-table, with plenary feedback.
Speaker: Nick South is a Partner in the London office of The Boston Consulting Group and he leads the People and Organisation practice for the UK. He has worked on a wide range of projects in different sectors to improve performance management, talent management and leadership development approaches and systems, build line manager and employee capabilities, redesign organisations, improve operational performance and successfully manage change.
Before joining BCG, Nick worked for four years at corporate communications consultancy Burson-Marsteller, leading the Corporate Reputation team in London. Prior to this, Nick worked for six years for the Leader of the UK Liberal Democrats, Paddy Ashdown MP, as political adviser, press spokesman and finally his head of office. Nick has an MBA from INSEAD in France and a BA in Modern History from Oxford University.
About Boston Consulting Group
The Boston Consulting Group (BCG) is a global management consulting firm and the world’s leading advisor on business strategy. We partner with clients from the private, public, and not-for-profit sectors in all regions to identify their highest-value opportunities, address their most critical challenges, and transform their enterprises. Our customized approach combines deep insights into the dynamics of companies and markets with close collaboration at all levels of the client organization.
Initial enquiries to:- Roger McCartney, CMI NW Region at firstname.lastname@example.org or Tel: 01539 726191 or Mobile: 077 966 95259
Cost: £30.00 inc VAT for CIPD/CMI Members, £36.00 inc VAT for Guests
Questions about this event should be addressed to Roger McCartney at email@example.com or by telephone on 077 966 95259.