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The ideas for a project may come up during a brainstorming session, from the insightful customer feedback, or even from the unexpected shift in trends. However, not every idea merits a full-scale investment. When management comes into play, it becomes clear that this is not merely about ticking off tasks.
Truth be told — Given today's fast-paced, competitive business landscape, though, projects are getting more complex. And to be honest, project management has changed. It has evolved rapidly with an ever-changing job market, developing technologies, and teams spreading across different locations; keeping everything on track may feel overwhelming.
Imagine you have headed onto a trip with no map, GPS, or even a clear destination in your mind. Although you'll reach somewhere, this will also lead to wasted time, resources, and energy all along the way.
Organizational changes in project management aren't just inevitable; instead, it's essential. Organizations must keep evolving over time, whether it's about new initiatives, changing priorities, new technologies, evolving market conditions, or internal restructuring. But here's the thing – most change initiatives fail. According to a study by McKinsey, 70% of organizational change efforts do not achieve their intended goals. Change isn't only about implementing new systems or processes; instead, it's about managing people, expectations, and resistance.
When implementing a shift in business strategy, whether it is the adoption of new technology or large-scale restructuring, the success of an organization depends on organizational change and the effectiveness of its implementation.
Did you ever feel like your team is working hard but not moving in the right direction? Or maybe you regularly track the performance, but they don't drive meaningful results? Well, here comes the role of OKRs. Vs. KPIs. Performance management isn't only about numbers; it's also about setting the right goals, tracking performance, and ensuring the efforts are going in the right direction. This further helps the business to succeed. Companies like Google, Intel, and Spotify use OKRs (Objectives and Key Results) to drive ambitious growth. On the other hand, some companies utilize KPIs (Key Performance Indicators) to monitor and sustain performance.
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