Imagine this: You’ve built a dream team, a group of talented individuals who helped your business reach new heights. But lately, you’ve noticed a dip in productivity. Innovation seems stagnant, and some essential skills seem to be lacking. You know your team has the potential, but something is holding them back. This is a common scenario for many businesses. In today’s ever-evolving market, skills become outdated quickly, and employees need continuous learning and development (L&D) to stay competitive. A recent report by the World Economic Forum highlights that reskilling and upski ..read more

  Leadership development is a powerful catalyst that enhances employee morale, engagement and performance. It also supports professional and personal growth and fosters a dynamic work environment. For employers, it’s a valuable investment yielding improved retention, succession planning, collaboration, and profitability. In a nutshell, leadership training and development is a win-win proposition, benefiting both employees and employers alike. In this article, we’re going to explore the transformative power of leadership development and how it can be a game-changer for individuals in vari ..read more

The year 2024 brings significant changes in the landscape of learning and talent development. Here at Marg, we see a direct connection between projected business needs and employee training. This year promises to be an active one for learning professionals, with the future of work impacting organizations of all sizes. Key Trends Shaping the Future Several key trends that significantly impact how companies operate in 2024 and beyond: The Widening Skills Gap The World Economic Forum predicts that a staggering 44% of workers’ skills will be disrupted within the next five years. With technology a ..read more

Why Pursue Prosci Certification? Fueling this surge in certification is the growing recognition of change management’s value. Prosci’s Best Practices in Change Management research revealed that a significant 74% of participants have pursued change management certification programs. Why are professionals seeking this additional credential? Let’s explore the key reasons participants cited: Structured Approach: Prosci provides a clear methodology for managing change, fostering deeper understanding and a structured way of thinking. Enhanced Skills and Credibility: Certification bolsters your ..read more

In the early months of 2024, our exploration of Artificial Intelligence (AI) within the realm of organisational change management is only just commencing. At Prosci, we’re immersing ourselves in research to comprehend its implications for our field. We’re delving into questions such as the prevalence of AI tools in change management leadership, their utilisation, and the initial advantages they bring. The discoveries we present represent merely the surface of our investigations. At Prosci, our research mission is characterised by a spirit of humble inquiry, driven by a longstanding thirst fo ..read more

Change is an inevitable aspect of project management, a dynamic process where basic assumptions and stakeholder preferences can evolve over time. Even with meticulous planning, no project unfolds precisely as envisioned during execution. The primary objective of any project is to instigate a transformation, and project managers must not only establish initial parameters like budget, timeline, and goals but ensure the delivery of a product or service that consistently satisfies stakeholders. Despite our best efforts to define satisfaction early in a project, the meaning of “satisfactory” can s ..read more

Organizational change management has become a constant and necessary reality in today’s dynamic business landscape. Organizations must continuously adapt to external pressures and market demands to stay competitive and relevant. However, successfully navigating these changes is a challenging task. It requires a well-developed organizational change capability that enables businesses to plan, implement, and sustain transformations effectively. This capability comprises a set of essential elements that form the foundation for managing change initiatives. This article will explore 11 key elements ..read more

Key trends in 2024 are reshaping the way organizations manage change. From AI technology and digital transformation to regulatory compliance and talent retention, today’s trends will have significant impacts on your organization and people for years to come. As an organizational leader or change manager, understanding these trends and the supporting change management data empowers you to head off challenges and maximize the opportunities ahead. Let’s explore each trend to uncover the potential impacts on your organization, your people, and the evolving practice of change management. &nbs ..read more

The post 171 Mindset Shifts for Organizational Change: Interview with Michelle Haggerty and Sudeshna Basu Roy. appeared first on Marg Business Transformation ..read more

In a world where the boundaries of what is possible are constantly being redefined, can traditional sectors like finance and audit remain untouched by the relentless growth of technology? The answer is no. Sectors like audit and finance are at the forefront of a transformative wave. It is not just about replacing the old methods with new tools, it is a profound shift in perspective, outcomes, and approaches. When it comes to the world’s digital revolution, there are different pillars of decision-making: precision, insight, and foresight. In this article, we will glimpse the brave new technolo ..read more