Email: Own a family business, uncertain now. How to transform? (Greece)
Here’s a simple perspective. Read company profile in detail, beautiful designs. Great effort to enhance cost efficiencies. Transformation though, is improving overall business performance, not just cutting costs. It’s boosting the odds of achieving break-through results, simultaneously improving operating discipline, portfolio innovation that collectively re-defines business.
Mostly, we focus on productivity – better, faster, cheaper approach. Problem? It’s no longer enough. Digitisation, advanced technologies, tech-enabled disruptions are pressuring not only for stronger financial returns but to actually transform who, what we are as organisations!
Doing the 1st is hard enough. Tackling 2nd – evolving company requires deeper insights, understanding where business value, competition is shifting in industry, spotting uncontested opportunities at inflection points, purposeful strategies, targeted, calculated actions to seize opportunities.
We can aspire to balance both in strategic, structured, co-ordinated ways using performance efficiencies to make the next set of portfolio moves.
Sometimes, the opposite of certainty isn’t uncertainty. It’s creativity, curiosity, willingness to embrace paradox! Focus on creating a positive plan, practical milestones, monitor momentum to propel company to next success levels. Good luck..