In 1996, John Kotter published Leading Change. Considered by many to be the seminal work in the field of change management, Kotter's research revealed that only 30 percent of change programs succeed. Since the book's release, literally thousands of books and journal articles have been published on the topic, and courses dedicated to managing change are now part of many major MBA programs. Yet in 2008, a McKinsey survey of 3,199 executives around the world found, as Kotter did, that only one transformation in three succeeds. Other studies over the past ten years reveal remarkably similar results. It seems that, despite prolific output, the field of change management hasn't led to more successful change programs.
Source: McKinsey Quarterly
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