As leaders around the world steer their organizations out of a chaotic market dynamic (as a result of pandemic, wars, supply chain disruptions etc.) many are recognizing the need for transformation. Some are trying to reimagine their cost structure to compete, while others are needing to reimagine their entire business model in the face of rapid industry change. A recently published research study revealed that 3 out 4 transformations fail; meaning the success rate of business transformation is only 25%. So, the obvious question is- How to beat these transformation odds? I have discussed these points at length through various articles, whitepapers and blogposts on this site here.
It is not always essential for organizations to undergo a complete make-over since transformation can also be done in increments. If your organization is small or low on budget front, no worries, simply start with Kaizen.
To learn more about how to bring about a successful business transformation, check out my articles and insights below...
Here you will find articles on Tools, tips and techniques to bring about business turnarounds, Risk management, Root cause analysis and other investigative techniques etc.
To learn more about how to bring about a successful business transformation, check out my articles and insights below...
Here you will find articles on Tools, tips and techniques to bring about business turnarounds, Risk management, Root cause analysis and other investigative techniques etc.
Popular Articles on Business Transformation:
Convert business deficiency to efficiency with Spaghetti ModelsWait-times, hold-ups, bottlenecks, slowdowns, delays are common deficiencies at workplace. Want to get rid of them? Use Spaghetti models. Read More
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9 Top skills to look for while hiring a Continuous Improvement Expert or Consulting FirmA Continuous Improvement consultant plays dual roles. Firstly, she /he ... Read More
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Accelerate tech modernization to make your business future-fit.‘Go- digital’ is the new magic mantra in today’s time of the ‘new normal’. The new normal induced … Read More
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Improve Process Efficiency with Visual ManagementA picture is worth a thousand words ... Visual Management hence is one of the top techniques to improve process efficiency. Read More
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Improving business process effectiveness and efficiency for the new normal.But all businesses must deal with today’s battered economy, disrupted supply chain, and changed buying habits of shoppers. This necessitates that businesses today become more malleable to deal with long-standing turbulence. Read More
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Transforming businesses in the new normal.Covid-19 pandemic has left business leaders to deal with unprecedented challenges such as- poor cash flow, fluctuating customer demands, social distancing affecting both business operations as well as product sales Read More
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Transform your business with an effective patent strategySuccessful business transformation can be achieved via multiple ways, one of such promising way is to create and implement effective patent strategy. The patent strategy shall aim to increase topline and bottom line of the business. Read More
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What are the different types of business process improvement/ business process re-engineering campaigns?Business process improvement or re-engineering campaigns are broadly classified as - Breakthrough, Streamlined and Continuous improvement. Read More
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Disaggregate between being lucky and being good in business: Portfolio Management and Continuous Improvement are the two winning tools in the new normal …“Winners change their business mix year after year; while laggards sit still” is a popular adage. So, why must you put your portfolio on the move? Read More
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How to transform businesses via portfolio management- Part 4In this part, I shall elaborate on pillar 4- Marketing and Sales process's ability to gain market share. The fourth important parameter of building a profitable portfolio is introspecting and assessing your marketing and sales process(es) efficiency and effectiveness. Read More
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How to transform businesses via portfolio management- Part 3Broadly, new product development can happen via three development pathways namely-
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How to transform businesses via portfolio management - Part 2Portfolio project management technique plays the role of a gear in the overall portfolio management. Its function starts right from identifying new products for the portfolio, thru product development & launch and ends after completing post launch product review. Read More
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How to transform businesses via portfolio management- Part 1The magnitude and extent of the transformation task will be different depending on the organization’s size, industry sector, market demographics, product mix etc. Read More
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What are the Advantages of Lean Six Sigma Methodology for Business Improvement?The methodology of Lean Six Sigma is the combination the principles of Six Sigma and another process improvement technique referred to as 'Lean'. It is used to optimize Read More
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Flow Charts- What are flow charts ? What role do they play in business process improvement?Flow charts are diagrams that are used to show various stages of a process that makes it easy for those viewing the chart to understand and view the entire process. Read More
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Role of Statistical Quality Control (SQC) in Business Transformation and Continuous Improvement.Statistical methods date back at least to the 5th century BC. And, Statistical quality control is a strategy used in production that is meant to guarantee quality of a product Read More
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Business Turnaround and Continuous Improvement Tips and Tricks Part 1 of 6Cost doesn’t mean only dollars and cents. Rather, cost amounts to everything that impacts all resources, including time and employee engagement. Read More
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Business Turnaround and Continuous Improvement Tips and Tricks- Part 2 of 6: Six Sigma in a Nutshell Six Sigma was introduced by Motorola in 1980s as a business process improvement technique that works on performance improvements via lowering or eliminating defects & variations. Read More
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Business Turnaround and Continuous Improvement Tips & Tricks Part 3 of 6- Agile in Nutshell for Improving Sales & Marketing of Products and ServicesAgile management methodology is an excellent tool for bringing forth Breakthrough & Continuous Improvement. Read More
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Business Turnaround and Continuous Improvement Tips & Tricks Part 4 of 6- Lean ManifestoBorn at Toyota, Lean is a lighter, leaner way to achieve results. A Lean process is ruthless about getting rid of errors, steps, processes and people that don’t add value to a company’s products or services. Read More
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Business Turnaround and Continuous Improvement Tips & Tricks Part 5 of 6: TQM in a NutshellTQM (Total Quality Management) actively preceded LEAN and much of its focus on waste-reduction, continuous improvement and elimination of defects has since been rolled into Lean. Read More
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Business Turnaround and Continuous Improvement Tips & Tricks Part 6 of 6 : Balanced Score CardBalanced Score Card (BSC) was developed to move the trend of focusing on financial measurements to a more holistic system of metrics across equally weighted quadrants. Read More
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Business Turnaround and Innovation Management in a Global Contract Research Organization- A Case StudyA Global Contract Research Organization (CRO) was sick and on the verge of being sold out. The management wanted to give a final shot for its revival prior to potential sell off. Read More
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How to cut costs strategically using KaizenIn this battered economy (as a result of Covid-19 pandemic) when every penny counts even the smallest increase in revenue or reduction in expenses can have an impact on cost and ultimately on your company’s profitability. Read More
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What are the core success factors to transform business organizations?As leaders around the world steer their organizations out of the pandemic, many are recognizing the need for transformation. Read More
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Accelerate business growth with Agile Part 2: Top 10 Frequently Asked Questions on Agile.In this part I shall discuss top 10 frequently asked questions around Agile. By the way, these questions have ... Read More
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Yes, You can win without differentiation!A quick glance through various stores and online markets, we see many products practically the same…Coming closer home to our pharmaceutical industry- How do we differentiate between a bunch of generic products containing same active ingredient? Read More
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Use Strategic QbD to improve Business ResilienceQbD is a holistic concept for business improvement and has not been fully explored to its full potential. It can do much more than just build-in quality. Read More
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How to lead organizational change successfully?Change management is vital to achieve success with business transformation. Checkout top 20 change management models, change tools and tips... Read More
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How to develop a culture of ‘Continuous Improvement’ in an organization? Continuous improvement in an organization means that employees are constantly learning, improving ... Read More
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How to Bring in Organizational Culture ChangeIf you're wondering how to bring in organizational culture change, there are many ways you can start. Read More
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What Role Does Culture Play in Business Transformation?To begin a cultural transformation, an organization must first define what kind of mindset it wants to cultivate. Read More
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