Celerant: Economic Crisis Can Be Catalyst for Change

You can count effective organizational change as one of the positives to come from the economic turmoil of the last 18 months. More than two-thirds of senior executives say the current global economic crisis was a catalyst for driving change across organizations, according to a recent global survey released by Celerant Consulting and the Economist Intelligence Unit.

Joe Kornik | November 30, 2009

Dollar Pull You can count effective organizational change as one of the positives to come from the economic turmoil of the last 18 months. More than two-thirds of senior executives say the current global economic crisis was a catalyst for driving change across organizations, according to a recent global survey released by Celerant Consulting and the Economist Intelligence Unit.

"The crises of last year, and particularly the collapse of Lehman Brothers, was a trigger point. We saw it with all of our clients no matter what sector they were in. We saw some clients actually embrace it," says Bill Hendrickson, executive vice president of Celerant Consulting. "There was no question that this time around people weren't fighting the change. It was all about saving jobs and survival. Those things get people's attention."

The survey—The Burning Platform: How Companies are Managing Change in a Recession—asked 561 senior executives in Europe and the United States about change management at their company.

To continue reading, become an ALM digital reader

Benefits include:

  • Authoritative and broad coverage of the business of consulting
  • Industry-leading awards programs like Best Firms to Work For, Global Leades and Rising Stars
  • An informative newsletter that goes into the trends shaping the industry
  • Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor