Remove Blanchard Remove Budgeting Remove Long-term Remove Objective
article thumbnail

It’s Time to Abolish the 70% Change Failure Rate Statistic

Change Starts Here

You don’t have to be in or near the field of change management long before you hear a daunting statistic: 70% of change initiatives fail. Isn’t that closer to a failure rate, in the truest sense of the term? The remaining 59% missed at least one objective or failed completely.

Kotter 143
article thumbnail

The False Promise of Free Capital Flows

Harvard Business Review

The models concluded — in a sort of "divine coincidence," as the MIT economist Olivier Blanchard and a colleague quipped — that if central banks merely maintained steady, low inflation, they would achieve economic stability and the best growth possible. Nobody wants to limit long-term investment in plant and equipment.)