Seven Biggest Mistakes in Business Transformations
Business transformation without supply chain reformation is a window dressing in most cases. Time and again companies change how they go to market, and communicate with their customers. They change their branding and image.
A brand is a promise.
The only way you can fulfil any promise is by organising your supply chain to do so.
This report examines business transformations from the above perspective and notes seven most commonly made mistakes that lead to missed goals. Data from McKinsey, noted management consultants, reveal that if the CEOs take personal charge of the business transformation efforts the success rate jumps from nearly 24% to nearly 48%. That is revealing statistics.
The most notable thing about these mistakes is that you would hardly notice them in a company when they are going through the business transformation. Yet, when you read about them in a report such as this one, you will call them obvious.
For this reason, we illustrate each of these with case studies loosely based on real-life cases we have seen so that you can absorb the material and look for signs where things start to go wrong. That is the point where you must stop the mistake and correct the course of the business transformation. There is no point intellectualising about it after the fact, once the business transformation has gone off track.
If your company is embarking on business transformation or is currently going through a business transformation, watch out for these 7 patterns and take corrective action in time.
If you want more information on this report – click here…
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