Change and Industry

According to a Gartner report –over 90% of all large projects fail due to People issues –42% was attributed to Leadership, 27% attributed to org culture -23% attributed to People -4% to technology and process respectively.

When IBM commissioned a survey of change management executives in 2008 ,the biggest barriers to Success were listed as People factors –58% of them polled Changing mindsets and attitudes ,49% polled Corporate Culture and 32% cited Lack of Senior Management support.

In an in interview based study of Software development projects commissioned by Geneca ,75% of project participants cited lack of confidence of project success due to “Fuzzy business objectives, out-of-sync stakeholders, and excessive rework”. Leadership IQ research team found 286 organizations that recently ousted their CEO and interviewed board members to discover the reason.

The answer was that the CEO was removed when the Board lost confidence. The top 5 reasons that the board felt were as follows:

• 22% of the board thought there was too much talk and not enough action 23% felt the Ceo was in denial of Business Reality
• 27% felt that the CEO tolerated Low performers
• 28% felt that the CEO ignored customers while
• 31% felt that the CEO had mismanaged Change .

Sometimes a small change in a product category can have far reaching consequences with regard to economies of countries. Thanks to an eternal disruptor like Apple, The 38 Billion $ Swiss Watch Industry is poised for turbulent weather. 

The Apple Watch may reach sales of 20 million to 30 million in the first few years very close to 28.6 million watches exported by Switzerland in 2014 says Elmar mock –the co inventor of Swatch.While some Swiss brands such as Tissot, TAG Heuer and Montblanc are dipping their toes in the smartwatch market, the industry as a whole has been underestimating the threat.

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