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Preemptive Transformation
Article

Preemptive Transformation

Fix It Before It Breaks


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Editorial Rating

8

Qualities

  • Analytical
  • Applicable
  • Overview

Recommendation

Citing a Chinese adage that counsels “cure the disease that hasn’t happened yet,” This article makes a strong case for transforming your business when it’s still healthy. In addition to naming the success factors for any business transformation, the Boston Consulting Group’s Henderson Institute think tank offers six actionable steps for optimizing change efforts.

Take-Aways

  • Firms engage in pre-emptive change when they transform while financially outpacing their industry – that is, when they’re thriving, not ailing.
  • Research shows that pre-emptive change is faster, more dependable and more financially rewarding in the long term than reactive change.
  • Early timing is the top factor in transformational success and “the earlier the change…the better.”

About the Authors

Martin ReevesLars FæsteFabien HassanHarshal Parikh, and Kevin Whitaker work for the Boston Consulting Group’s Henderson Institute think tank.


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