⛽ Fuelled by Change: Insights from HumanCap’s Targeted Diesel Subsidy Study.
Following the Malaysian government's announcement of targeted diesel subsidies, HumanCap set out to evaluate public awareness and readiness for this significant policy shift. Here’s what we discovered:
💡 The Power of Informed Change
Our research shows that being well-informed about change is vital. We found a strong correlation between having sufficient information on the Targeted Diesel Subsidy and understanding its objectives. Additionally, when people grasp these goals, they’re more prepared to embrace change. This is proven by a statistically significant correlation between knowledge of the subsidy and openness to its impacts. Staying informed makes change a more positive experience!
🔄 Change Management as the Catalyst for Success
Effective change management is key when introducing high-impact policies. By strategically planning our approach and conducting impact analyses, we can help stakeholders become informed, understand the changes, then drive buy-in and commitment. A well-executed change process allows impact to be managed early on to minimise confusion and negative perceptions.
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