Success in transformation
PEOPLE | C-SUITE
Success in transformation
The office and practices that will help to deliver successful transformation , according to a recent report by Accenture and the Project Management Institute .
• Create a transformation vision and roadmap and articulate and communicate the vision , value drivers , and roadmap – this helps individual functions and teams see how they fit in .
• Establish a permanent Transformation Office A PMI Brightline study shows that standardised processes can have a great bearing on an organisation ’ s ability to achieve successful transformations , as they facilitate alignment among vision , strategy , and implementation and help coordinate multiple , concurrent efforts .
• Encourage ownership Be deliberate about communicating the value of the changes underway . Invite feedback from all levels and all roles .
• Assemble tools Advanced technology can assist in ensuring the right data is available to the right constituents at the right time .
• Develop internal talent A PMI Brightline study found that faster-transforming organisations are more likely than slowertransforming peers ( 34 % vs 19 %) to focus on development of internal talent .
• Promote ‘ outside-in ’ perspective Teaming across business domains , offering workshops dedicated to context reframing , or working with external partners are some of the strategies successful CTOs employ .
“ A CTO who reports directly to the CEO can ensure that the transformation vision is properly disseminated throughout the organisation and ultimately deliver above expectations ”
Greg Douglass Global Technology Strategy & Advisory lead , Accenture
And companies are increasingly engaging in enterprise transformations – multiple , concurrent , technology-powered reinvention initiatives designed to support constant innovation .
These efforts are driven by multiple forces – among them competitive pressures , blurring industry boundaries , residual pandemic effects , evolving geopolitical dynamics , and rapidly advancing customer expectations .
For some companies , transformation might be necessary because their industry is changing thanks to the looming climate crisis ; for others , it might be digital disruption , demographic shifts , economic shifts , or labour shortages .
54 January 2023