Strategies for delivering business value
Transforming businesses must prioritize value realization and align initiatives with measurable outcomes to succeed.
Winning transformations put value first
Embedding value creation throughout the transformation journey is crucial for organizations seeking to thrive in the face of evolving challenges.
Enterprises today are transforming functions, processes, partnerships, and experiences to enhance competitive performance, increase efficiencies, and harness new technologies. However, many struggle to realize significant value, even though 76 percent of companies are involved in three or more such projects. Successful transformation requires more than just meeting deadlines and budget constraints; it demands a focus on tangible, measurable financial outcomes and the alignment of transformation goals, business teams and partner ecosystems around an outcome-centered strategic plan.
For transformation initiatives to be successful, organizations must get intentional about identifying the value they wish to create. This starts with getting the basics right. The change vision鈥攚hat 鈥済ood鈥� looks like鈥攎ust be viewed through different functional lenses: business, operational, data, technology. Transformation that is broadly relatable and actionable will benefit those who implement the changes, as well as those whose roles are materially impacted.
Jeanne Johnson
Digital Transformation Leader, Principal, Advisory
To achieve successful transformation, organizations must establish a clear vision and ensure alignment between their transformation initiatives and desired business outcomes. This involves active management of value capture and dedication to delivering measurable economic value. Creating a comprehensive transformation plan focused on value helps navigate significant change and facilitates effective implementation. Companies can benefit from developing strategic themes, codifying value realization frameworks, and continuously adapting the plan to ensure alignment with evolving objectives and market conditions.
Transformation success: Start with the end in mind
To effectively align the many moving parts of your transformation effort, consider these actions:
- Review past programs to assess where value leakage occurred
- Establish a clear transformation team structure and governance model
- Define value outcomes and install process that help measure value
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Winning transformations put value first
Embedding value creation throughout the transformation journey is crucial for organizations seeking to thrive in the face of evolving challenges. Download our report to gain valuable insights into the anticipated market changes and how they will shape consumer products and retail business transformations for years to come.
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