Current Global Economic Crisis Provides Catalyst for Driving Organizational Change

Few companies suspending change programs, despite downturn, but budget cuts and headcount reductions remain top initiatives, Celerant-EIU survey on change management finds


Lexington, MA — October 5, 2009 — More than half of global business executives (59 percent) in a recent survey said that the current economic crisis has revealed shortcomings in their organization that they are attempting to address, and two-thirds (66 percent) of participants said that their organization is using the crisis as an opportunity to drive change that would have been difficult to achieve in better times, according to a new report.

In the survey report, "The Burning Platform - How Companies Are Managing Change in a Recession," the Economist Intelligence Unit (EIU), which conducted the research, notes that during times of economic uncertainty it is commonplace for companies to attempt to simply weather the storm and not invest in organizational changes that will ultimately result in more efficient and effective business practices.