Interest at the highest levels in innovation is confirmed by an IBM study in 2006 that asked more than 750 CEOs of the world's largest and most respected firms, "What's the extent of change that you need to make in the next 2 years?"
The answer surprised them. They knew that innovation was important, but 65 percent of the CEOs said they were planning significant change over the next 2 years, and another 22 percent said they planned to implement moderate change. More importantly, when the CEOs were asked "What's your past level of success in managing significant change?" only 15 percent said they had been "very successful." Another 15 percent said they had had "little or no success."
Read more at HBS Working Knowledge.
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