Transformations don’t follow a cookie-cutter model; they need to reflect the challenges unique to each situation. Nonetheless, there are eight factors that drive long-term success:
- Look Beyond.Organizations must look beyond efficiency moves and refocus on growth and innovation.
- Create a New Vision.Companies clearly articulate a clear shift in strategic direction, along with room for trying new methods.
- Foundational Innovations.Companies innovate across multiple dimensions of the business model, not just in products and processes.
- There’s persistence from leaders in the face of inevitable setbacks and internal opposition to unproven shifts in strategy.
- Imposed Distance.There’s a willingness to shift from the historical core business model and its underlying assumptions, often by creating a deliberate degree of separation between the new business model and legacy operations.
- Adaptive Approach.Transformation unfolds through trial and error, with ongoing refinement of a flexible plan.
- Shots on Goal.Companies don’t pin growth hopes on a single move but rather on deploying a portfolio of moves to drive growth.
- There’s adherence to the vision over a multiyear period.
Organizations s are transforming, governments have less to spend, markets are volatile, demographics are changing, and customer needs are reshaping operating models. CPI’s professionals draw upon deep industry knowledge and experience to help clients improve performance along four key dimensions: improved productivity, sustainable market growth, improved margin contribution, and strategic risk management. We understand how to not only discover and create value within organizations, but how to strategically maximize that value.
How to Enable Efficiency in Times of High Uncertainty
Today’s business volatility is unprecedented. And whether the causes are new technologies and digitalization, globalization, blurred industry boundaries, regulation, energy dynamics, or other factors, the message is clear: transformation isn’t an option, it’s a business imperative. Forward-thinking companies are launching transformations even when they dominate a market, retooling themselves so they stay ahead. The goal is a transformation that’s focused, sustainable, and able to deliver measurable results.