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Disrupt or Be Disrupted: Global Business Leaders Lack Confidence in Their Ability to Successfully Navigate Digital TransformationSEATTLE, July 6, 2016 /PRNewswire/ -- Radical disruption is the new business-as-usual. One day you're hailing a taxi; the next day Uber or Lyft pulls up to your front door. And while enterprises value and aspire to the innovator's mindset, they're not confident in their business' ability to pivot in the face of disruption. A new study, "Business Agility: Is it Easy to Pivot?", reveals the disconnect between aspiration and reality and identifies potential pitfalls to navigating a shifting business landscape. For the survey, Changepoint (http://www.changepoint.com) explored the agility of global businesses and asked respondents to evaluate the challenges and barriers PMOs face in building nimbler organizations. Organizational agility is critical for any enterprise, yet businesses around the globe and across industries do not have systems in place to adapt. While C-level executives are concerned with disruptive new entrants, only 10 percent of survey respondents are confident they can pivot their business if needed. This ongoing struggle is made more challenging by a disconnect between project managers and executives. More than half of respondents (53 percent) acknowledge being unsure of their corporate objectives and values. Similarly, half of respondents cited poor communication between and within departments as the most difficult aspect of managing teams. "The hard truth is, at any moment, your business is most likely disrupting or being disrupted," said Alan Shefveland, Director, Product Management, Strategy and Innovation at Changepoint. "The best way to thrive in the face of rapid change is rewriting your playbook to refocus on accelerating internal operations." Nimble organizations actively engage executive sponsors, align projects to strategy, and establish an effective PMO. Communication, collaboration, and engagement are key to enabling change and managing risk effectively and continue to be bighurdles for PMOs. Survey respondents said the most pervasive and prevalent barriers to agility include a lack of real-time transparency into projects (41 percent) and resources (49 percent), and overreliance on manual reporting such as spreadsheets (75 percent). Other key findings include:
"To prepare for organizational change, project and business leaders must be on the same path forward. This demands confident decision making and prioritizing company initiatives," said Shefveland. "A connected PPM system provides real-time insight and enables cross-functional communication, both important first steps to weathering organizational change." Research was conducted by Changepoint, a leading provider of project portfolio management, Enterprise Architecture, and Professional Services Management applications. Changepoint surveyed 1,257 project managers and executives from medium to enterprise-sized organizations in a variety of industries, including IT services, government, manufacturing, and healthcare. More than half of respondents reside in North America, a quarter live in EMEA, and the remainder are from South America and APAC. For a copy of Changepoint's Business Agility survey, visit: http://changepoint.com/resources/white-papers/ppm-business-agility-survey-report. About Changepoint Logo - http://photos.prnewswire.com/prnh/20141122/160406LOGO
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/disrupt-or-be-disrupted-global-business-leaders-lack-confidence-in-their-ability-to-successfully-navigate-digital-transformation-300294495.html SOURCE Changepoint |