There is an infinitely expanding selection of buzzwords, jargon and technical terms banded about in today’s society, so let’s get right to it: what is ‘business transformation consulting’?
According to Wikipedia: “Business Transformation is the process of fundamentally changing the systems, processes, people and technology across a whole business or business unit, to achieve measurable improvements in efficiency, effectiveness and stakeholder satisfaction.”
And consulting? “The business of giving expert advice to other professionals, typically in financial and business matters.”
In this article you’ll discover:
Why do you need a business transformation consultant in 2019?
1. To direct the business
It could be by accident or via an in-depth analysis of your business operation and customer market, but identifying your true business needs gives you a better chance of making the right plan to achieve them.
The introduction of new and cutting-edge technologies has changed the way we do business. It’s introduced varying new achievable goals and a vast range of methods of how to attain them.
Correctly placed IT systems and solutions can drive the way you do business, and with proper guidance and direction, they will lead you to excel in every avenue.
2. To keep up with innovation and modern practices
Innovation isn’t just fashion. Exciting ideas aren’t just exciting because they’re new. They’re exciting because they make life so much easier and are way more efficient than the previous methods.
Your marketing department will tell you, “Sell the sizzle, not the sausage.”
The sizzle from innovation is the reduction in work processes, higher profits, wider reach, closer communication, streamlining, efficiency … should I go on? The benefits are vast.
And these are just general observations. You know how many more there are, specific to your industry. If you don’t keep up with your competition, you’re going to look and act as out-dated as your out-dated systems—sadly, getting left behind.
Keeping up with the Joneses in business is no longer just a desire—it’s a must.
3. To reduce costs
Cutting costs isn’t a good strategy if it means putting off upgrades or investing in new technology and processes.
Those seemingly costly updates and investments should—in good time—increase productivity, streamline workflow, reduce staff turnover, increase sales, boost profits and achieve the financial benefits that you need.
Your business transformation is an ongoing long-game that requires foresight and belief.
What are the steps to a successful business transformation?
Adopt the mind-set of the forward-thinking. Try and anticipate all the eventualities of your business operation, good and bad, to correct or streamline them wherever it offers value.
What we offer are new or alternative ways to redesign your internal processes and structures. It starts when you consider your customer needs—what they want right now, what they’ll want in future, and the best way to achieve those things.
This is going to be the base of your business transformation strategy. It doesn’t always have to mean a huge overhaul or the introduction of sophisticated equipment or software. It can be simple. Tweaks and selective refinements could be all that it takes. What it has to be is beneficial.
Your business transformation consultancy will save you time and money from spending on the wrong systems and pursuing less suitable avenues. Who better to trust your IT plan to than an IT specialist?
The execution of a new strategy or system is regularly where businesses fall short. They may improve their process, but not by nearly as much as they should have.
They’ve done their research; they know which packages they need and how each of them should help. They’ve installed and introduced the elements they need and have initiated them into their daily operation.
The problem is—or can be—understanding the fine details. There is so much depth to many of the packages that are designed to help, and without a complete understanding of which elements are the most important to you and how to use them, then you’re merely skimming the surface and assuming you’ve got it right.
It’s one more reason to have an expert guide you through your transformation. They’ll make sure you don’t miss a trick.
‘We don’t like change.’
Well, we do, it’s our job, but you know yourself that a big section of society is programmed to stick to what they know. To keep with what’s familiar and comfortable. We do it in our home lives, and we do it at work.
Well, we don’t. We’re excited by change. So much so, we make sure we keep ahead of the pack. We’re forever engaging with the next big thing, the next leap in technology that’s going to change how we (and you) work. We love seeing transformation and the feeling we get from pushing you into the future.
Your transformation needs to be continuous too, to keep evolving with the market and new technologies. If you have one of those people in your company that’s stuck in their ways, they could be your biggest problem. Take the decision making out of their hands and put into those of someone who embraces the excitement of pushing it forward.
Or let us do it for you. As we said, we love change.
As much as you want and need new solutions, so do your customers. We’ve already outlined that they’ll play a big part in deciding what the transformations are that you’ll need to make.
Keep researching. Watch your customers. Find out what they want. Ask them what they need. Don’t assume you understand who they are, or their behavior, without properly researched and organised data. Then use it to define their actions and to anticipate their needs.
Preparation is everything. Don’t guess or take risks—make evaluated plans and take measured steps. Learn precisely what your customer’s demands are and what they might look like over the next term of business. Once you’ve got that, your IT consultant can tell you what you need to capture their business.
Why business transformation is crucial
It can be quite daunting if you’re not IT minded when faced with the changes you’re expected to make to stay in line with current business expectations. For some, it’s easy to ignore and hope it doesn’t make too severe an impact on their business and its results when they do.
Sadly, if you hold onto that attitude, you will get left behind. Your competition will do the job more efficiently, faster and better than you. Where do you think your customers will go then?
If a business is going to remain competitive, it needs an ever-evolving strategy to cope with changing times and changing markets.
If you haven’t got the skills or the understanding to manage it yourself, you need someone that does. If you’re looking for a business transformation consultancy in London that can take you to the next level and keep you there, that’s exactly what we do.
Give us a call or drop us a line. Ask us about our business transformation services. You’ll be glad you did.