Three ways to transform your organisation to meet tomorrow's competition

When it comes to organisational transformation, there's no quick fix or single solution. Turning ideas into reality is an enormous challenge, even for the most adaptable of organisations, and leaders are required to adopt an integrated approach. However, a Birn+Partners meta-analysis of data from several independent surveys of business leaders has revealed a few important overall trends.

Bridging the gap between conceptualisation and implementation is essential for any organisational transformation to be successful. Leaders must develop strategic initiatives that will serve as the bedrock of enduring and significant change. Obstacles, of course, are to be expected. Some of the most critical challenges that executives face are internal skills gaps, technological limitations, resource shortages and the absence of processes designed to execute strategies.

This is where the value of an integrated approach is revealed. Leaders cannot tackle these challenges individually and hope to accomplish meaningful organisational change. That said, our meta-analysis uncovered three key findings that will guide your organisation on its transformation journey.

1. Upskill internal talent

Among the greatest obstacles to organisational transformation is the inevitable emergence of skills gaps. The instinctive solution to this problem is to recruit new talent. However, organisations that can rapidly adapt are substantially more likely to place a strong emphasis on developing internal talent.

Advancing existing employees has numerous benefits. They already have a good grasp of their accountabilities and how to meet organisational objectives within the existing framework. What's more, this approach generates greater personal investment in your organisation by the employee, ensuring long-term retention.

2. Utilise innovative new technologies

A significant revelation of our meta-analysis has been the direct correlation between the perceived importance of implementing innovative new technologies and the degree of success achieved during strategic organisational transformations.

In short, organisations that are effective at implementing new strategies consistently rank the use of new technologies, such as automation, and artificial intelligence, as their primary competitive advantage. Conversely, the less successful an organisation, the lower the importance assigned to technology.

3. Develop effective leadership

According to executives, the most critical factor for transformation success is effective leadership. Innovative and inspirational leaders who guide the organisation with confident optimism and set realistic objectives for their teams are consistently able to achieve greater transformation success.

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