Business transformation entails a wide-reaching, strategically driven campaign to improve the way in which a company conducts business. Often business transformation is undertaken as a response to shifting market conditions, eroding competitive standing, and deteriorating financial results. These symptoms prompt companies to undertake business transformation initiatives. Top-performing companies may also implement proactive business transformation programs in order to continuously improve their performance and maintain competitive advantage. For any enterprise, a successful business transformation campaign can yield substantial benefits including greater strategic clarity, re-energized leadership, improved operational efficiency and effectiveness, and stronger financial performance.
While the ability to envision a company's optimized future state is an essential part of a successful business transformation program, so too is effective change management. Refining strategies and redesigning processes poses one set of challenges. Getting people to buy into and effectively execute the new ways of doing business is at least as challenging as the design stage, if not more so.
The Hackett Group, a global strategic and operations consulting firm, delivers experience and expertise in both the design and the implementation of business transformation initiatives. The Hackett Group's consulting services for business transformation, business process reengineering, and other modes of business process change are grounded in empirical data and proven results. Our advisors draw from extensive hands-on experience and from our unparalleled repository of process metrics, benchmarking data, and best practices gleaned from The Hackett Group's more than 13,300 benchmarking engagements with the world's leading companies, including 93% of the Dow Jones Industrials and nearly three-quarters of both the Fortune 100 and the DAX 30.
Backed by experience in the trenches and by thorough knowledge of how things are done at the world's best performing companies, The Hackett Group can support your organization across all facets of:
To learn more about The Hackett Group's business transformation consulting services, as well as our solutions for specific functional needs such as finance consulting, procurement strategy, supply chain process optimization and more, contact us.