Are you an entrepreneur in Newcastle? How long have you been in the business? If you have been in the industry for quite some time, you may have observed that the way business has been done has evolved through the years.
It’s not really a bad thing as change is a constant in this world – including business. However, what is your strategy to address this situation? How does your organisation cope?
We can’t deny how doing business in Newcastle has become more competitive through the years. Because we can’t prevent this flow, you will need to adapt.
Today we talk about what people in the business have been talking about– Organisational Transformation. It’s a topic often mentioned in business circles and it’s about time you get to know more of it too.
If you want your business to stay afloat in Newcastle, why not consider Organisational Transformation?
What is Organisational Transformation?
First order of business – defining what Organisational Transformation is. Actually, it’s already easy to deduce what’s going to happen from the term itself. It’s about change. It’s about transformation.
Change in the business can happen in several ways – it could be changing the strategies, the company culture, and even the operations.
Understandably, people will have an aversion to change. The word itself can be met with skepticism and reluctance to take part in change. Change could be scary for some but the only thing scary about change is not knowing what happens next if it’s enforced.
The thing is – Organisational Transformation comes with benefits, which brings us to the next topic.
What are the advantages of undergoing Organisational Transformation?
Efficiency – What’s the state of your current processes? Has it been a long time since you’ve reviewed them? With your processes in operations, what worked before may not necessarily mean it will work well through the years.
There’s a chance that what you’ve been doing is nearly outdated or it’s no longer efficient. It may have yielded the best results before but can you say the same for now? Your processes need to be reviewed periodically.
If it no longer works or it’s not coming up with optimal results, it may be time for a transformation. If you want to be on top of your business, your operations need to be efficient. Transform to bring back efficiency.
Highlighting Strengths – Employees within a company have varied strengths. However, a skill is just a skill if it’s not highlighted. Organisational Transformation is a great way to bring out those strengths and apply them.
Integrating Information Technology - Technology has made us more productive in our work. It has made things more streamlined and efficient. However, technology will always advance. We cannot be stuck with the first technology that was implemented in the business.
It is necessary to integrate information technology into your business and updating it is as important.
Keeping up with your competition – Your business will never run out of competitors. You may be a pioneer, a groundbreaker, or the lone provider for a time – but businesses around you will innovate.
You can’t remain where you are. You need to regain your competitive advantage. You need to transform.
Changing Focus – Nowadays it’s all about the customers. What do they want? What’s valuable to them? Products and services are created with the customers in mind. Businesses nowadays have become customer-centric.
And that’s something you should think about as well. Review your business’ focus. Change your strategy to adapt.
What does an organisation need to do to implement transformation?
Set the direction – The first thing to do of course is set the mission and vision. What are the objectives now? That sets the new direction of the company. You can’t go forward with change if you do not know which direction you are going to.
Design the process – This is the part where the vision is transformed into processes that will help achieve the goals that has been laid out in the direction setting stage.
The objectives are broken down into more specific statements, eliminating vagueness and pushing for clarity. The people need to understand what they are aiming for.
With specific objectives, the performance is easier to measure as well. The employees would know how near or far they are from achieving the goal.
Performance – With objectives and processes in place, it’s time to work on performance. Everyone in the organisation will work together to work on the targets.
Alignment – Since new processes, new capabilities emerged from the transformation – it’s time to realign the system. This way, the change is better enforced into the organisation. It’s setting the new standards within the company.
What key principles should be present?
Core values – Do not forget about core values. These drives the behavior of the organisation. In what everyone does, it should support the company core values. Decisions made should be consistent with the company beliefs.
Learning – Although there’s a road map prepared for the Organisational Transformation where every detail to achieving it is noted – there should always be room for improvement.
It’s tempting to follow the map to the exact detail but it’s important to take note of the lessons along the way and learn from it. Do not be afraid to improve where it is needed.
Team players – Organisational transformation is a group effort. It needs a large-scale effort to attain it. Each role in the company is important. That’s why you should provide support to teams. If there are skill gaps, provide training as necessary. If the teams are motivated, expect higher performance levels.
Strategy – Even with earnest efforts and a diligent team, things won’t work out without a sound strategy. The change should be backed up by a good strategy.
Structure – Similar to strategy, if the company’s structure does not support the change needed – the transformation will not happen. Think about the transformation as a whole and not just on few, select aspects of the business.
In this fast-paced world of business, your company will truly benefit in transformation. If your business is in Newcastle, the more you should think about it. More businesses are coming up and the current ones are innovating as well.
The way business is conducted will always change and no one can stop that. The good news is – your business will not be left behind if you take action. Here’s to hoping that this guide helped you understand Organisational Transformation more.