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Excerpted, via Gail Severrini & the Change Whisperer:
The authors of the current Innosight study, “Creative Destruction Whips through Corporate America,” offer a warning to executives: “At the current churn rate, 75% of the S&P 500 will be replaced by 2027.”
....The Innosight study also proposes three questions that the CEO and executive committee should ask themselves. I found the second question to be arresting: “How fast do we have to change to maintain our position within our industry?”
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It is about creating and sustaining an organizational DNA that views change as a constant...
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....There is always strategic change in organizations. It is a fact of life now. We need permanent structures to manage it.
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Whether they are called strategic focus areas or
Strategy Realization Offices, leaders need information to help them guide their focus on their strategic imperatives and help them continually clarify their line of sight on getting to the benefits of their change promise and plans, allowing for course corrections along the way. ~ D
Replacing "75% of the S&P 500 ...by 2027" is a huge pointer to what our learning is and needs to be for the months and years ahead. ~ D