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Many classic change management models fail to consider the significant dimensions of technology and innovation. This Advisor shares a case study involving a bank that devel­oped key performance indicators to track all dimensions of change, enabling the bank to constantly improve its capability to implement change.
November 26, 2020 | Authored By: Jagdish Bhandarkar, Namratha Rao
The path to becoming a digital company is difficult and the challenges are multifold. It means ensuring customers remain connected even with the drastic changes that may be needed and overcoming resistance to new business models. Becoming digital does not simply mean implementing new technology; it also requires developing new leadership skills combined with connectivity among a company’s people, proc­esses, and data. Cultural changes may also be a challenge if the digital transformation must cut across silos in the organization. This Advisor’s case study examines the implementation of a digital change in a US community bank meant to retain its loyal customer base and to put in place newer ways of monetization.
November 15, 2018 | Authored By: Jagdish Bhandarkar, Namratha Rao
The authors observe that many classic change management models fail to consider the significant dimensions of technology and innovation. They recommend devel­oping key performance indicators to track all dimensions of change, which will enable an organization to constantly improve its capability to implement change.They also present a case study.
January 17, 2018 | Authored By: Jagdish Bhandarkar, Namratha Rao