Times change, and we change with them. You don’t need to venture very far to realize that constant change is the new normal in business. For companies to thrive in today’s dynamic environment, they need to continually transform to meet customers’ ever-changing needs, create a competitive advantage and capitalize on strategic opportunities. Yet, even with such a clear mandate for change, it is commonly understood that two out of three major change initiatives fail. A strategic vision, while critical, is not enough. Leadership through business transformation is an essential skill that has the power to dictate whether change ultimately sinks or swims within an organization.
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