7 principles for sustainable business transformation

7 principles for sustainable business transformation

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  7 principles for sustainable businesstransformation
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  www.winningmindssolutions.com What is BusinessTransformation ? A radical ,consistent change in the following parameters Business transformation happens in stages, after that no look back to old stage. Business Turnover Increase Business Profitability Increase People 's Mindset towards business
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  www.winningmindssolutions.com Business transformation isnot • a small, incremental productivity improvement in a localized area • a one time increase in top line or bottom line improvement • a small ,positive mindset change in one segment of people in the organization
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  www.winningmindssolutions.com Who has tolead the Business transformation ? CEO or Head of the organization
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  www.winningmindssolutions.com Primary responsibility ofCEO / Head of the organization
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  www.winningmindssolutions.com Opportunities & Challenges
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  www.winningmindssolutions.com CEO’s Influence ? InternalProcess Internal People & Mindset
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  www.winningmindssolutions.com 7 - BusinessSuccess Principles
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  1. Drive Businesswith NUMBERS www.winningmindssolutions.com Set & Track Business / Functional Key Performance Indicators (KPI’s)
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  2.Communicate and EngageTeam www.winningmindssolutions.com Communicate KPI’s to team,make them ENGAGED and accountable for RESULTS
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  3.Create forum &review KPI www.winningmindssolutions.com Create Daily Management system and Review the KPI ‘s progress along with TEAM
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  4.Keep Cost LEAN www.winningmindssolutions.com Eliminateand Reduce the waste in ANY PROCESS and sensitive to cost elements
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  5.Invest on Talent www.winningmindssolutions.com RecruitRight People, Develop ,Mentor and Provide Opportunities for experimenting and learning
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  6. Focus onBig Picture & Be Flexible www.winningmindssolutions.com Spend time on VALUE CREATION and be flexible for change
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  7.Process Innovation www.winningmindssolutions.com Create anenvironment for continuous process innovation as a way of life
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  www.winningmindssolutions.com To summarise … Drive business with NUMBERS Communicate and ENGAGE Create Forum and REVIEW KPI  Keep Cost LEAN  Invest on TALENT Focus on BIG PICTURE & Flexible Process INNOVATION
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