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7 principles for sustainable business transformation

This is the presentation recently i made to one of the SME's CEO forum on managing the SME's business profitability.I had given perspectives on the fundamentals or principles to follow irrespective of external environments for consistent business profitability.

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7 principles for sustainable business transformation

  1. 1. 7 principles for sustainable business transformation
  2. 2. What is Business Transformation ? 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
  3. 3. Business transformation is not • 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
  4. 4. Who has to lead the Business transformation ? CEO or Head of the organization
  5. 5. Primary responsibility of CEO / Head of the organization
  6. 6. Opportunities & Challenges
  7. 7. CEO’s Influence ? Internal Process Internal People & Mindset
  8. 8. 7 - Business Success Principles
  9. 9. 1. Drive Business with NUMBERS Set & Track Business / Functional Key Performance Indicators (KPI’s)
  10. 10. 2.Communicate and Engage Team Communicate KPI’s to team,make them ENGAGED and accountable for RESULTS
  11. 11. 3.Create forum & review KPI Create Daily Management system and Review the KPI ‘s progress along with TEAM
  12. 12. 4.Keep Cost LEAN Eliminate and Reduce the waste in ANY PROCESS and sensitive to cost elements
  13. 13. 5.Invest on Talent Recruit Right People, Develop ,Mentor and Provide Opportunities for experimenting and learning
  14. 14. 6. Focus on Big Picture & Be Flexible Spend time on VALUE CREATION and be flexible for change
  15. 15. 7.Process Innovation Create an environment for continuous process innovation as a way of life
  16. 16. 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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