Business transformation starts, once the proven recipes begin to fail.
Your business environment changes daily but does your company change in the same pace? Does the company address those changes that have an influence on your business success? For example, new technologies, innovative products and solutions, relevant client benefits, qualifications of employees, business models…Sooner or later, most companies reach a point where the existing structures reach their limit. Short-term operative actions are simply not sufficient to safeguard the company and make it future-proof.
Time and the capability to change are central success factors
The sooner companies realise the need for change and transformation, the better. Sometimes it is already too late. Companies such as Kodak, Nokia or Schlecker did not notice or address the signs of time early enough. Next to the willingness to change, the capability to change is one of the key qualifications. This is because only those who move out of their own comfort zone, who welcome ventures and who enter new territories have realistic changes to break down old structures and to make use of new chances. Whoever takes these steps in time, can transform the company in well-defined phases and can adapt the organisation, the processes, the culture, the capabilities and the new technologies.