Transformation survival kit
April 17, 2019
April 17, 2019
Accenture research shows that most organizations are struggling to meet the challenges of transformation and achieve improved outcomes. Many of our clients have a target vision of what they need to transform, but they don’t always know the best path because the journey is complex and requires a management methodology that doesn’t exist in traditional corporate structures.
And the transformation journey has a host of common landmines:
How will you survive and thrive in the transformation environment?
"Seventy-nine percent of businesses admit that their organization is adopting emerging technologies faster than they can address related cybersecurity issues."
– ACCENTURE STRATEGY SURVEY, 2019
Our experience shows that those who thrive in the transformation journey exhibit these common characteristics. They:
Business transformation is no longer a one-time, linear process. The complexity of changes required, the profusion of new technologies to employ, the workforce and cultural barriers to overcome, and the pace required for change create real business transformation challenges. Also, business objectives may shift as circumstances change, so strategic and executional decision-making ability is critical.
An effective Transformation Management partner can help reduce decision-making risk by coordinating interdependencies across projects, address needed changes in real time, and empower decision-making agility with rich data.
Accept that change is the new normal.
Success comes from transforming the existing business while innovating and scaling the New.
Effective leaders prioritize resources to business objectives. Now, they must seek closer alignment with IT to poise themselves to make a wise pivot.
Get the execution of your transformation right.
Use decision-making agility to make adjustments along the journey.
Engage with the Transformation Management diagnostic team to assess your strategic readiness for transformation. The assessment explores key success factors, identifies potential risks and prioritizes opportunities within an executional road map.