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Lecture: Leading Business Transformation as a Consultant
Jul 7, 2024
Lecture: Leading Business Transformation as a Consultant
Introduction
Focus: Leading business transformation as a consultant
Common drivers: Moving to the cloud, implementing digital strategies, agile processes
Challenges: Both internal and external factors
Common Challenges in Business Transformation
Weak Sponsor Engagement
Sponsors not dedicated full-time or prioritizing the project
Lack of Clearly Defined Roles
Unclear responsibilities within the transformation team
Failure to Assess Capabilities
Lack of understanding of team members' skills and capacities
Inconsistent Communication
Sporadic communication; information sent to wrong people
Inaccurate Effort Estimations
Misjudgment of the work required for transformation
Lack of Momentum
Difficulty sustaining long-term projects (e.g., 15-18 months)
Wrong Timing
Market or industry changes affecting implementation
Difficulty Letting Go of Legacy Systems
Resistance to abandoning old processes and systems
Strategies for Success
Strategic Vision
Clear direction: Why the transformation? What is the end goal?
Effective Execution
Turning plans into action, integration into the company
Identifying and Handling Challenges
Recognize and address major hurdles
Examples: Leadership legacy issues, broad customer demands
Use Modern Tools
Transition from legacy tools to modern solutions
Best Practices for Planning Transformation
Culture
Promote ownership, empowerment, customer-centricity
People
Prioritize mindset over knowledge; trainable knowledge vs. inherent mindset
Clear Objectives
Focus areas might include improving client experience, reducing time to market
Compelling 'Why'
Strong motivation for team and organization members
Adaptation
Willingness to let go of past methods/past successes
Conclusion
Project management software can assist in sustaining transformation projects
Example: ProjectManager.com
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Full transcript