Industries evolve; markets transform.This cycle brings business transformation as an inevitable process for those planning to be in for the long run. However, not all businesses are able to make a smooth and successful business transformation. Those striving to hone their strengths might not be able to focus on developing new ones. For those businesses, leveraging business transformation advisory from consulting experts is the best bet.
In the previous part of the blog, we studied two steps to conquer business transformation. We would cover the rest of the three steps in this blog.
Step 3: Development of Organizational Change Management (OCM) Plan
With change comes friction, and to avoid that friction, an organizational change management plan is indispensable. The objective of an OCM plan should be:
– To measure the impact of transformation on all critical aspects of business
– To prepare the aspects for the change
– To address the challenges that obstruct change
– To accelerate transformation
Step 4: Clearly define the future state and devise an execution plan
By the end of this step, the business must have a clear vision of the future plan. The transformation can only be successful if the execution plan helps achieve the following:
– Organizational strategy is supported by effective measurement instruments
– Planned processes and technological integrations work as desired and expected
– Employees, equipment, and all other aspects are comfortable with new systems
Step 5: Execute, sustain the change and continually improve
Execute within the stipulated timeline. Take one change into consideration at a time and follow PDCA (Plan Do Check Act). Move to the next change only if the required adjustments in the previous phase are made properly. At last, sustaining the change is the most important part of any transformation. If the operations jump back, all the efforts would stand useless.
By following the two points covered in the previous part and the three steps mentioned above and staying on timelines, a business can assuredly attain success in business transformation.
Leverage business process transformation advisory solutions by the market’s best:
Millennial Partners (millennial.ae) prides itself on serving clients’ most pressing organization transformational needs across people, processes, and technology through its proprietary frameworks. Our digital transformation offering is most relevant to the increasingly digital enterprise and consumer environments. We follow a coherent roadmap that includes incorporating the most cutting-edge technologies and vendors focusing on technologies such as enterprise Blockchain, Artificial Intelligence, and IoT.
Should you have any questions and/or would like some focused professional advice, please don’t hesitate to reach out via our e-mail at info@millennial.ae.