Digital Transformation, by RCG

Post on 12-Apr-2017

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transcript

We now exist in a digital world

Charismatic leader Process improvement Team-centric The digital

enterprise

- Lead by dictate- “command and

control”- E.g. Henry Ford

- Build ideal processes, continuous improvement

- E.g. Toyota, old GE

- Matrixed teams, problem-focused goals

- Agile product development

- E.g. Google, Zappos

- Hyper-connectivity between internal and external people; pervasive technology

- E.g. New GE

For forever NowMid-20th Century Internet Era

The way businesses thrive has fundamentally changed

Companies are harder to sustain than ever

Only 12% of family

businesses are viable by the 3rd generation

Companies fail at a rate 4x greater than 50

years ago

Technology is exerting more cost pressure

Product lifetimes are decreasing

There is no magic solution

“Companies declining and

growing at fast rates face nearly the same odds of

failing”

- Boston Consulting Group, “Die Another

Day”

Growth? Technology? Strategy?

“...automation applied to an efficient operation will

magnify the efficiency…automation applied to an inefficient operation will magnify the inefficiency.

- Bill Gates

“Strategies with the greatest possibility of

success also have the greatest possibility of

failure.”- Michael Raynor,

“The Strategy Paradox”

To succeed in this new world, you need to become a digital business

Digital businesses deliver outstanding outcomesQuickly adapt to the market | Increase revenue | Operate leanly | Innovate more

Digital businesses go beyond technology…

They rethink strategy

They rethink culture

They reframe process

Pre-digital

Digital

Top-down strategy developed by executives & adapted by departments

Well-structured hierarchies and clearly defined job responsibilities

Designed once and codified in a core system like ERP, CRM, etc.

The business and IT partner to constantly increase efficiency and process automation

Departments own their own strategies that can quickly adapt to shifting priorities at the top

Diverse, cross-functional teams who share accountability for business results

While incorporating technology into their core

Mobile

Cloud

Integrated ecosystems

Integrated ecosystems

Big Data

Artificial Intelligence

Analytics

Cybersecurity

Virtual Reality

We will build the digital strategy that is right for your business

and help execute to realize fast results

Get Started Today (203) 539-1724

info@ronanconsultinggroup.comwww.ronanconsultinggroup.com

Our CredentialsLed digital transformation, software selection, and implementation projects at every level of business – Fortune 500s, mid-sized, and small businesses

Advised Fortune 500 executives, family-run business owners, and founders on growth plans, operational improvement projects, and technology strategy & implementation

Delivered millions of dollars in operating savings and technology savings, with over $100M of projects delivered on-time and within budget

Construction Life Sciences Broadcast Manufacturing Franchising HospitalityReal Estate Publishing

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High-tech