Strategy and Leadership PV237 Ing. Michala Homolova, MBA. Change Management Strategy and Leadership PV237 Why is it important? McKinsey study on 40 companies shows how change management impacts ROI Excellent change management 143% ROI Poor change management 35% ROI ● 11 companies with the lowest ROI all had: 1. Lack of commitment/follow up from senior executives 2. Poor project management skills of middle managers 3. Employee confusion about the project What did the excellent companies do? Coaching through change exercise part 1 ● Explain the exercise and agree some ground rules for the discussion, for example confidentiality, respect for individuals. ● Ask individuals in the team to write on sticky notes how they feel about the changes they are currently subject to at work/school/home. ● Ask them to stick the notes on a flip chart and then get the team to cluster the notes into similar feeling groups. ● Consider the results and draw attention to common ground (people will find comfort knowing they are not the only ones who feel that way). Coaching through change exercise part 2 Group work ● Put the emotional responses to change on the transition curve ● Brainstorm on leadership actions needed for each stage DenialDepression Acceptance Shock Frustration Bargaining Integration Kuebler Ross model The model was first introduced by Swiss psychiatrist Elisabeth Kübler-Ross in her 1969 book On Death and Dying, and was inspired by her work with terminally ill patients. Bargaining AcceptanceAcceptance Integration Depression Frustration Denial Shock Holding on Letting go Moving on Coaching through change exercise part 3 ● Introduce and explain the Transition Curve. ● Compare the stages of the Transition Curve with the feelings on the sticky notes. ● Ask team members to plot where they believe they are on the curve (they can do this publicly or privately). ● Split the team into pairs. ● Each person, with the help of their partner, to explore their current feelings around change: - What are your current feelings? - How does that impact on your behavior, performance, ability to help yourself? - What other feelings does this exploration evoke? ● Break and get some feedback on this exercise. Coaching through change exercise part 4 ● Staying with the same pairs, each person with the help of their partner to explore how they could move positively through the Transition Curve: - What outcome are you looking for? - What are you already doing that’s helping? - What other options/opportunities do you have? - What would it take? Coaching through change - notes ● Recommend to do this exercise when most people are expected to be past the denial stage ● Coaching questions – when the person is done answering, don’t satisfy yourself with the answer and ask “What else…?” several times – that’s when you are digging under the surface and that’s when the person is getting to answers he was not actively aware of ● When leading change – OVERCOMMUNICATE - at the moment you think you’ve communicated a lot, double the effort/introduce new channels …