Mind the Change Gap

Braden Kelley is an innovation and change specialist, the author of Stoking Your Innovation Bonfire, an InnovationExcellence.com co-Founder, and is the creator of the Change Planning Toolkit™ and a book on the best practices and next practices of organizational change (January 2016 release).

  Change Management   Innovation  

The world is changing all around us at an increasing rate, and individuals (and yes, organizations too) are struggling to cope with this ever-increasing pace of change. In fact, over the last 50 years, the average lifespan of a company on the S&P 500 has dropped from 61 years to 18 years (and is forecast to shrink further in the future).¹

Nobody wants to be one of those organizations that goes out of business, but the fact is that if your organization can’t innovate and change at the speed of change of its customers’ wants and needs--and the pace of geopolitical, social and economic change in the world around it--then it will likely have to change its sign from “open” to “closed” permanently.

Your organization may indeed be doomed to fail if it develops on or more of the following change gaps:

1. Your speed of hiring is slower than the speed of your growth
2. Your speed of market understanding is slower than the pace of market change
3. Your speed of insight dissemination and acceptance is slower than the pace of market change
4. Your speed of idea commercialization is slower than the pace of market change
5. Your speed of innovation is slower than the competition’s speed of innovation
6. Your speed of internal change is slower than the rate of external change

The last one is of …

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