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Hi, my name is Byron Hebert. And this is another Tool Time update brought to you by your friends at PKF Texas and the Entrepreneur's Playbook. This week, I want to follow up on our Change Success Model that I started explaining to you last week. As I said last week, there's three main components of a Change Readiness Model, and that is your readiness, your capability, and your beliefs in an organization. Readiness, 30% of the effective change. Capability, 40%, and beliefs are 30%. 

So I want to focus this time on change readiness. We talked about that being 30% of the overall change process, and that's broken down into five critical areas. So each one of those we weighed at 6% each to get to our 30% effectiveness.

Six percent is leadership support. How involved engaged is the leader in the change initiative, emotionally and operationally. Are they involved in the change?

The need for change. Do all change participants realize the need for this change, understand why it needs to change, and what we're shooting for as our goal.

The  WIIFM is "what's in it for me?" That's the third component of five. What's in it for me? Have we addressed for each of the change participants what's in it for them in this change initiative? It may be monetary, and it may be not be. Maybe in a better work environment, better equipment, whatever it may be.

Change process, do all the change participants understand and believe in the change process that we've adopted to get this success model?

And last is confidence. Individual confidence and organizationally, do we have the confidence to affect this change? Past performance may be an indication of a play into that. So that may be something we have to address

So again, change readiness, 30% of the effective change model. Leadership support, need for change, what's in it for me, change process, and confidence are the components that make up change readiness. And we will be back next week for more change detail talking about capabilities and beliefs and we'll go into more detail on those as well. 

This is Byron Hebert. This has been a Tool Time update brought to you by your friends at PKF Texas and the Entrepreneur's Playbook.