Statistics show that most Americans who make a New Year’s resolution fail to achieve it. A study by the University of Scranton found that only 46 percent of us maintain our resolutions after six months. Why is it that so many of us fail to make a lasting change? And what are the lessons for businesses and regions?

We might be able to find the answer in the concept of “The Sigmoid Curve,” written about by Charles Handy in “The Age of the Paradox.” Imagine the Sigmoid Curve as the curve of life of an individual, an organization or an entire economic region. The curve initially declines in a time of experimenting and learning, then rises in a period of growth and prosperity, and finally declines leading to the end. The key to sustaining a healthy life, a healthy business or a healthy region is to make a transformation to a new curve before the current one is too far in decline.

To read the original article: The Key to Growth: Transformational Change - Forbes