In the April 2011 issue of Advantage, Guidehouse’s quarterly U.S. financial services newsletter, Guidehouse addresses ten key characteristics that are essential to successful large-scale transformations. Change management, the program charter and the appropriate governance can make or break your transformation.

The need to be adaptable is paramount in a transformation, and this is where governance, change management, and charter all converge. A transformation is an evolving mission, a vision brought to life by teams who share priorities and revise goals as needed midstream while maintaining laser-like focus on the endgames. With awareness of the critical components in play, and the capability to implement them with skill and purpose, business leaders can seize that once-in-a-career opportunity to rebuild an organization’s culture and identity.