The objective of all project activity is to contribute to improving business. But are these organisations really on a transformational journey or could the activity be better classified as on-going business improvement?
What is true transformation? Paul Dontschuk , Head of Business Solutions at Latitude Financial has an extensive background in driving both transformational change and ongoing process improvements. His belief is that genuine transformational activity has two key drivers: whether a company is in either a defence or growth stage. Recent examples leading to transformational activity include the GFC, disruptors entering the market or new technologies that operate as both a threat and an opportunity.
While the taxi industry may have believed it has transformed in the past, given the challenge already laid down by the likes of Uber, the reality is that anything that has gone before would be better classified as an on-going process improvement, according to Dontschuk, rather than genuine transformation. No organisation should be in a constant state of transformation, even when faced with regular large scale challenges.
There is only so much change that can be absorbed effectively without impacting on-going operations. Change fatigue within business is a real thing. Lucidchart Cloud Insights allows you to visualize your entire cloud infrastructure and drill down into up-to-date information to inform your IT modernization decisions.
Many companies make the mistake of embarking on digital transformation when digital modernization would be more than enough to achieve organizational goals. While you certainly can embark on digital change first and course-correct later, Torgerson notes that successfully transforming or modernizing your organization requires a careful review of your end goals. Understanding what level of change is necessary enables you to find the right technology for your vision. Learn what you need to develop a winning digital transformation strategy and set your organization ahead of the rest.
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Differences between digital transformation and digital improvement Digital improvement and digital transformation each have a different focus. Examples of modernization Modernization is usually about catching up with industry standards, such as onboarding new technology. Your IT modernization strategy could include:. Choosing technology to address a specific, isolated problem: For example, say your company would like to switch to fiber internet service.
Changing your internet service may reduce costs and improve speed and efficiency, but before and after, your procedures and workflows stay consistent. Migrating to the cloud: By moving your data and applications from legacy infrastructure to a cloud provider, you could save on infrastructure and computational resources. Upgrading and updating to better applications: For example, your company may adopt an ERP that uses real-time analytics to perform work more efficiently and better connect important tools.
Examples include: Implementing breakthrough technologies: Some technological advances bring about transformation on their own. It is not about strategies. It is all about people. All rights reserved. Registered in England No.
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Business Improvement Vs Business Transformation. Driven by strategy and fundamentally changes attitudes, mind sets and beliefs. Next Success when starting a new business … guaranteed. How to earn admiration and respect from prospects and customers that add up to referrals, recommendations and brilliant sales growth November 9, No Comments. What is leadership?
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