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Business Transformation Industry is Broken

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The Business Transformation Industry is Broken - Elephant in the Room 🤫

Welcome to our deep dive into the current state of the business transformation industry.

This blog post aims to shed light on the pressing issues that have led many to believe that the industry is broken.

We will explore the various challenges that organizations face during transformation initiatives, from resistance to change and lack of alignment, to the continuous pace of change and the failure to address urgent external challenges.

We will also discuss the high failure rate of transformation initiatives, a stark reality that underscores the need for a systemic overhaul of the industry.

Here’s what we’ll cover:

Join us as we delve into these issues and explore potential solutions to mend the broken aspects of the business transformation industry.”

Please note that the hyperlinks in the table of contents will be added once the sections are finalized.

Why The Business Transformation Industry Is Broken?

Before I show you how to transform your business, let’s define business transformation.

What Is Business Transformation?

Business Transformation is when a business changes the way it conducts business.

🌟 "Transforming business isn't just about change; it's about rewriting the rules of the game. Embrace innovation, reimagine processes, and lead the way to a brighter future! 🚀🔄 #BusinessTransformation #InnovateToElevate #ChangeTheGame

It doesn’t necessarily change what it does, but how it does it.This can involve a change on creating and delivering product and services.

What’s An Example Of Business Transformation?

The Home Office UK processed Visa applications. It then transformed its business by changing from a paper-based business model to an online or digital business model. What the Home Office UK does hasn’t changed, but how it provides its service has become more digitised. They implemented scanning solutions, digital documentations and streamlined business processes to further remove paper from the process.

When Is The Change Considered A Transformation?

The quick answer is ‘it depends’.Let me explain.An organisation’s business model can be simplified into three (3) parts:

Now, a change is considered transformative when other factors that come into play. Here are some guide questions you need to consider:

When Does The Business Fail To Transform?

According to The Standard Group (2014) Chaos Report on business transformation, failure is defined in terms of two types of problem programmes:

These business transformation programmes were cancelled. Or they and missed their mark. But this is fairly common. The numbers show: 70% of business transformations fail. Only 30% are successful.

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6-Steps to Business Transformation Success

WHAT THE TOP 30% OF ORGANISATIONS KNOW THAT YOU DON’T 👉

Heath Gascoigne - Speaker

🚨 "Business Transformation Industry is Broken," Heath Gascoigne boldly stated, "70% of business transformations fail. Only 30% are successful." This alarming statistic sheds light on the harsh reality of the current state of the industry. 😱💥 #MythBuster #BusinessTransformation #BusinessArchitecture

What’s The Problem With Business Transformation?

According to the Chaos Report, there are four (4) challenges that lead to the failure of business transformation. Here are the factors ranked:

Challenged Project Factors (top 4) 🧐
Challenged Project Factors (top 4) 🧐

Meanwhile, the following factors were present in impaired projects:

Project Impaired Factors (top 4) 😱
Project Impaired Factors (top 4) 😱

How Do You Increase The Chance Of Success For Your Transformation Programme?

To succeed in business transformation, the following success factors are necessary:

The Chaos Report also ranked these factors based on its contribution to project success.

Project Success Factors (top 4) 😁
Project Success Factors (top 4) 😁

Note – the above tables and data are extracts from our book – The Business Transformation Playbook. Download a free preview here.

Business Transformation 101

Business Transformation 101

Confused where to start? Get started right 👉

🚨 "The data is there, if you want to be successful with your Business Transformation you can reinvent the wheel, or do what works or follow popular but broken ways". 😱💥 #MythBuster #BusinessTransformation #BusinessArchitecture

Conclusion

In short, if you want to embark on a business transformation programme you must do the following:

Thanks for reading this! 

Sincerely, 

Signature-Heath

Heath Gascoigne

P.S. If you want to learn more about business transformation, check out The Business Transformation Playbook or download the free preview here.

P.P.S. If you want to join our Business Transformator community of like-minded Business Transformators, join the community on the Business Transformator Facebook Group here.

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Heath Gascoigne

Heath Gascoigne

Hi, I'm Heath, the founder of HOBA TECH and host of The Business Transformation Podcast. I help Business Transformation Consultants, Business Designers and Business Architects transform their and their clients' business and join the 30% club that succeed. Join me on this journey.

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