Our thoughts, views, and experiences
Do you often feel as though your transformational initiatives are in a state of chaos? Do you feel blind as to what’s really happening with your organizations transformational programs? Are your costs more than anticipated? Does it seem like your strategic consulting partners, employees, and program teams aren’t on the same page?
Business transformations are very complex, with many moving parts, which often include people, processes, policies, technology integration, locations, ways of working, and most importantly cultural impacts. Business transformation strategists define, align (people, process, and technology), build, integrate, and transform to successfully enable business strategies tied to corporate strategic imperatives. They reduce complexity, keep costs down, and address issues by providing increased visibility and by empowering programs to stay focused on delivering against the defined business transformation charter.
Staying competitive in our ever-changing and fast-paced world, requires companies to successfully transform and reinvent their ways of working and operating, Tesla, Google, and Amazon are examples, just to name a few. Launching and managing these transformational initiatives puts a big strain on an enterprise’s resources. Transformations require specific and specialized resource expertise that many companies either don’t have in-house or are unable to free up from operating roles.
It’s daunting to be tasked with leading a business-critical transformation but it doesn’t need to be career limiting. As no two transformations are ever the same, cookie cutter approaches to managing business transformations just doesn’t cut it. When transformational programs fail to achieve stated goals or successful completion, it’s often not caused by the program team put in place, or the choice of vendors or third party consulting companies; it’s due to lack of business transformation strategic oversight.
Many consulting organizations have proven track records providing specific expertise and experience (including IT, audit, regulatory) but often don’t necessarily have the specialized ‘big picture’ expertise needed to keep transformational programs on track, on time, or on budget to achieve the business benefits and deliver a real return on investment. Technical integration is not the same as regulatory integration nor is business and cultural integration.
Internal business stakeholders, consulting partners and third-party vendors, need to be properly engaged to ensure they stay focused on delivering against the measurable transformational business case. To safeguard a successful transformation, business stakeholders must be involved and own the solution from start to finish of the transitional journey; and business transformation strategists provide coaching, guidance, and support along the way. They align and focus the program team, vendors, and business stakeholders along the journey to achieve common integrated goals over the course of the transformation. They provide an end-to-end organizational strategic solution focused squarely on your business transformational objectives. They strategically engage, partner, and support your business sponsors to ensure the business owns the transformation and successfully implements the right business solution.
The right solution for your business is the one that focuses on the stated transformational needs of your business. Working with your key stakeholders, business transformation strategists ensure the solutions being developed for your business are tested, are proven, and are aligned to your cultural makeup. Business transformation strategists steer business leaders away from risky, unproven leading-edge, or even worse bleeding-edge, solutions, and unneeded, costly scope creep.
Business transformation strategists provide ongoing oversight to ensure that the resources you’ve engaged stay focused on the business case and on what’s needed for a successful business transformation. To that end it’s important to not put all your transformational support eggs in one basket, when someone tells you ‘they can do it all’ remember that business and cultural integration is not the same and regulatory or technical integration.