In this final part in a 3 part series of articles on achieving success in Business Transformations, we look at what we have learned in order to get the best possible results from your Business Transformation project.
How to ensure that your Business Transformation a Success. Some things to consider:
- Know your Strategy. Know why the transformation is necessary, what the internal and external drivers are, where the growth and returns will come from,and how you will capture them.
- Initiate the transformation properly. Make sure the business case stacks up and has input from all stakeholder groups.
- Engage specialist Business Integration consultants. To be successful, transformations need the right expertise, which your organisation will not generally have in-house. Successful transformations also require full-time commitment and cannot be done by staff “in their spare time”. Engaging external specialists ensures that business-as-usual is not affected ensuring no negative impacts on your employees and customers.
- Have a robust, well-defined project management methodology for the transformation project. This will ensure proper control over scope, time, costs, risks, quality, contractual arrangements, etc.
Then there are the salient points arising from the above sections of this article:
- Business Transformations are both driven by and instigate Change. Effectively managing Change is the key.
- Managing change is about managing people. Get the “People” part right and you will manage change and everything else will fall into place.
- Culture, Leadership, and Communications are vital to the success of Business Transformations. Again, these three things are all about “People”.
- To deliver optimal returns Business Transformations also need to focus on Innovation and Growth.
- So make sure you know how your transformation will set you apart from your competitors, where your returns will come from, how you will know when you have achieved them, and how you will capture and measure them.
This concludes our series of articles on Business Transformations. If you would like to discuss how Calibre can help make your Business Transformation a success, then please contact our CEO, Tony Payling on 0402 83 83 68 or tony@calibrebiz.com.au.
