Small businesses at times seems to be ignoring many a thing, by just treating them as one more jargon in this new age of super complicated words and synonyms.
Process Re-Engineering can be a game changer to businesses, as it can perform miracles on a failing or stagnant company and open new doors for a company on steady path of growth. However, the process is tricky and needs some pain-killers to supress the pain of change and pain of tearing down what we are used to and feel comfortable with.
If ignoring this was a mistake, the next big mistake could be to settle for a cheap and basic process re-engineering tool in absence of an expert guidance. It could be that you tried saving a cent and lost a dollar.
We atΒ Synergeze Consultants Private Limited, help businesses to implement the changes in an ongoing manner without effecting the current operations in any way and yet delivering the desired results. To learn more about our standardised approach which is customized for every single business please reach out to us.
If you wish to be more profitable and save on all forms of costs β
Your destination is our name βΒ Synergeze Consultants Private Limited.
Share
We talked about the transformation, factors driving it, its need in today’s scenario. Let’s look at now the basics of transformation, what is it and why do companies need to transform actually.
???? ?? ???????????????
A transformation is a leadership driven, cross-functional, result-oriented, plan for large scale change to outperform competitors sustainably. It requires strong engagement of the entrepreneur and his/her strong involvement at all levels in the organization. It has disproportionate impact on the core customer offer β with multiple changes made to the operating model and organizational capabilities.
?????????????? ???????? ?????????? ??? ????β???? ??????
Companies need to identify performance symptoms calling for transformation carefully. Stagnant sales, dropping market share, volatility in profitability, underβindexed shareholder returns and emergence of new competitors with nonβtraditional business models are all strong indicators.
No transformation is shortβtruly sustainable results require time and consistency in efforts. Normally there are two phases of transformation
1. In the first phase quick and simple operational initiatives are undertaken to generate adequate sales and cash to build a war chest to fund the core transformation agenda.
2. In the second phase, companies need to find avenues to differentiate themselves truly and build organizational capabilities to live the new way of working.
Having said that there are many companies, who undertook transformation journey however the efforts failed. Some specific reasons for the failure can be
~ Halfway Stop – Stopping with just operational efficiency improvement, rather than driving growth.
~ Legacy Trap – Failing to shed core elements of the current business model that are no longer competitive
~ Insufficient Moves – Not making sufficient moves proportional to the scale and scope of the challenge
~ Inadequate independence – Undermining new business models by keeping them too close to the core organisation and operations
~ Lack of persistence – Underestimating time and effort to see results changing course prematurely.
~ Lack of strategic focus – Doing to many things due to lack of coherent and consistent vision and strategy
~ Premature Confidence – Believing that a change is on the right track early on and not continuously revising vision and strategy.
So if you are looking at giving your organisation a push, break the shackles and fly high remember the guide and mentor for this is certainlyΒ Synergeze Consultants Private LimitedΒ and we are just a click away.
Till then would love to see your comments on this post and how you relate to it.
#gccoach