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Business Transformation

Mr. Santosh Karkhanis, the author of this site is a well known Business Transformation Strategist. He is working on Transforming Business Culture since 1983 and is consulting globally since 1994. He consulted many big Multinational companies across the world. In this section he is giving tips on Designing & Implementing Business Transformation Strategy.

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Reasons of failure

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The three critical success factors in any organization are people, processes and technology. Business transformation aligns these three factors closely with the new environment for business growth in short term and long term horizon. This article explains what is Business Transformation.

 

Business transformation is not (or does not have to be):

  • outsourcing
  • downsizing
  • change re-labelled
  • expensive
  • only managed by consultancy firms
  • limited to IT projects 

 

Reasons of failure of Business Transformation projects 

More than 70% of transformation programs fail to deliver their actual targets.1 The major reasons are 

Unclear view and misunderstanding of the business’s vision

Vague understanding of the organizational structure

Trying to apply the same transformation solutions to diverse business needs

Simply reorganizing organizational resources rather than achieving true transformation

Failure to understand existing process flows and their objectives

Failure to prioritize the factors that need to be transformed

Overestimating the goals of transformation in the excitement of making change

Communication problems

Failure to observe the necessary management discipline in different departments

Failure to set specific, measurable, attainable, realistic, and timely (SMART) goals for transformation 

Economist Intelligence Unit’s Managing change successfully survey , which was conducted in March 2008 clearly states that money is not the problem for Business transformation, but clear Business Transformation Strategy and it’s execution is the problem. 

References

1.      www.microagility.com/docs/bt.pdf

2.      ‘A change for the better Steps for successful business transformation’ A report from the Economist Intelligence Unit

Newsflash

Supply Chain Improvement - Role of Human Intellegence
One day training By Mr. Santosh Karkhanis
The Business Transformation Guru 

Date: Friday 19th February 2015  9:30am - 5:00 pm
Venue: CII Naoroji Godrej Centre of Manufacturing Excellence,
           Godrej Station-side Colony, 
           Opposite Railway Station,
           Vikhroli (East), 
           Mumbai - 400 079 India

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