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McKinsey’s study revealed that companies empowering teams during transformations capture 67% of maximum financial benefits, compared to 37% for those that don’t. This strategy involves letting frontline employees, who know the business processes best, drive change. It’s about trusting your staff to make informed decisions quickly, rather than relying solely on top-down leadership.
The Journal of Complex Networks found that information spreads 10 times faster through social networks than traditional top-down methods. This approach suggests using internal social channels and organic networks to communicate change, creating a grassroots movement within the company. It fosters transparency and makes employees active participants rather than passive recipients of information.
By Sherzod Odilov | SEP 24, 2024
Read the original article at FORBES
