In his bestselling book “Managing Change”, John Kotter identified 8 reasons why projects fail:

• 1. Insufficient priority
• 2. Failure to create a powerful coalition to lead the project (Driving Team)
• 3. Failure to create a clear and powerful vision
• 4. Under-communicating the vision
• 5. Permitting obstacles to block the vision
• 6. Failing to set up short term wins
• 7. Declaring victory too soon
• 8. Neglecting to anchor changes firmly into the corporate culture

 

JustOne regards the creation of a Driving Team to provide leadership as essential. A Driving Team should :

• 1. Accept accountability for delivering benefits
• 2. Create a sense of urgency and priority
• 3. Develop a meaningful vision
• 4. Communicate vision and progress
• 5. Remove obstacles that threaten success
• 6. Be visible and available to provide help and advice
• 7. Motivate local management and monitor progress
• 8. Broadcast and celebrate success

 

We can help you establish and successfully approach the unique objectives of working capital management in your organisation – please GET IN TOUCH for more information.