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How to maintain the momentum of a transformation

falling dominoes

Stop bad habits from reasserting themselves – and appoint a chief transformation officer.

Six years ago an engineering business realised its earnings had stalled. It embarked on a major and seemingly successful effort to transform the business: earnings increased by more than the $100m target, and it declared victory 18 months later. Yet, earlier this year, the same business filed for bankruptcy.

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Sources

The Role Of The Chief Transformation Officer
Oliver Gorter, Richard Hudson and Jesse Scott
McKinsey&Company

Sustaining The Momentum Of A Transformation
Michael Bucy, Kevin Carmody, Jennifer Davies and Greg Peacocke
McKinsey&Company

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