DICE®

Time 2020-12-14 14:04:29

Web Name: DICE®

WebSite: http://dice.bcg.com

ID:133928

Keywords:

DICE,

Description:

This website uses cookies to improve functionality and performance. If you continue browsing the site, you are giving implied consent to the use of cookies on this website. See our Cookie Policy for details. Dismiss The ability to deliver successful change is increasingly becoming a real determinant of competitive advantage. Yet, delivering successful change is one of the toughest challenges that companies face, especially complex, high-stakes, breakthrough change. Studies show that, depending on complexity, 50-75% of major change efforts fail to realize intended results.What if you could minimize that risk of failure, powerfully flipping the odds in favor of success?We studied hundreds of major change programs at companies around the world, with a goal of developing a more effective approach—one that would reduce the risk and virtually assure a positive outcome.Based on our findings, we created a systematic, Technology Enabled Change Management approach that addresses:Operational and organizational changesBehaviors that affect program outcomes and are critical to successRigorous program development, tracking and reporting to stay on schedule and on budgetIt is clear that the outcome of change initiatives is driven by four elements: the overall (D)uration of a project or time between structured milestones; the performance (I)ntegrity of the team; the organizational (C)ommitment to change; and the additional (E)ffort required of staff members. Assessing projects against these four elements, which we call DICE, can greatly help institutions achieve successful change from ideation to impact. We have created a methodology for scoring and statistically analyzing the dynamics of DICE, thereby allowing objective assessment of the likely outcome of transformations (or a transformation)—helping to load the DICE in your favor.DICE is based upon a complex, multiple regression analysis. Nevertheless, a simplified formula can be readily approximated below, where simple step functions for each of the elements of DICE are used. In 2014, BCG was granted a US patent for DICE, one of the few patents that have been given for a mathematical formula. To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video

TAGS:DICE 

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