Four performance aspects to focus a transformation
Cost optimization
Click each card to learn more
Growth
Growth
Organizational effectiveness
Digital enablement
A transformation’s success can increase by more than three times when a company is focused on the right priorities. This includes challenging the status quo and creating a culture that is nimble, embraces collaboration, and does it all quickly.
Organizational effectiveness
This requires establishing an enterprise-resource-planning system to help execute the other work streams. Companies that use digital transformations to rewire their organizations can improve their shareholder returns more than their competitors.
Digital enablement
More than half of a transformation’s value comes from growth initiatives. Companies should set clear priorities for how and where they will pursue profitable revenue growth, looking at organic paths, such as launching new products, M&A, and business building.
By eliminating waste and adjusting cost structures to support the vision of the future organization, a company can improve its operating margins while also investing in projects across the other three work streams of the company’s transformation.
Cost optimization
