"Many organizations are making moves to implement changes to the way they work. Everything from work policies to organizational structures and all of the systems and tools in between are being considered for a transformation. As we're all aware, change is not easy. It takes a lot of effort to replace old systems and methods with unfamiliar ones," according to Mark Davis.

"To be effective, the change management strategy must take into consideration how an adjustment or replacement will impact processes, systems and employees within the organization," says Mary Pratt. While there are several Change Management methods, companies like Coty, NetApp and Énergie NB Power (a Canadian Energy Provider) have found success applying the Kotter Process for Leading Change.

"This process was cultivated from over four decades of Dr. Kotter's observations of countless leaders and organizations trying to transform or execute their strategies. He identified and extracted the success factors and combined them into a methodology. See the infographic below to learn Kotter's 8 Steps for Lead Change.