How Businesses Develop Strategies To Drive Simplification And Achieve Value – Business Intelligence Info – bt365官方网_36500365体育在线投注_365体育手机投注

Approximately80%ofGlobalCEOsbelievethatcomplexityinbusiness?

–acrossdecisionmaking,businessprocess,andtechnologyconsumption–iscripplingtheirabilitytogrowtheirbusiness。

Despiteabundantdata,itishardtomakeinformeddecisions。

Decayingbusinessprocessesdesignedinthepastarenomatchforfuturebusinessrequirements,andITdepartmentsarestrugglingtokeeppacewithinnovativenewtechnologies?

Ifwefocusonnonvalue-creatingcomplexity,thereisasignificantamountofvalueleakagethatcanbeeliminated。

Manystudiesdocumentthepotentialvalueofreducingcomplexitywithinbusinesses。

Belowarejustafewexamplesthatvalidatethemissedopportunities:

Increaseinrevenuegrowthfrom5%?

–40%andcostreductionsof10%?

–35%withcompaniesbettermanagingcomplexity(BainCompany)

30–50%growthincompanieswiththelowestcomplexitywhencomparedtoaverageorganizations(BainCompany)

3–5%growthinEBITwithsystematiccomplexitymanagement–A。

T。

Kearney

Thatbeingsaid,thereareorganizationsthatareaddressingcomplexitywithintheirbusiness。

Forexample,eBaywasfacingthechallengeofnotbeingabletounderstandcustomerproductfeedbackinareasonabletimeframeasaresultofmanualprocesses。

eBayleadershiprecognizedthattheywouldneedtosimplifytheanalysis,makeiteasytoassesstheenormousamountsofdataandprovidequickeraccesstothedatatodrivedecisions。

Thisresultedintheabilitytoanalyzeandresolveerrorsfrom1monthto1day。

AnothergreatexampleisthatMedtronicwasabletosimplifytheanalysisofclinicianandpatientdatawhilehelpingtoconnectcustomerstotherightproductsandtherapies。

Theactualanalysisoftherawdatareducedfrom3hoursto3daysallowingthemtofocusmoreonprovidingtheircustomerswiththeservicetheyexpect。

Thekeycharacteristicwasthattheleadershipteamsatbothofthesecompanieswereabletomakestrategicdecisionswhichwouldleadtosimplification。

LisaBodell,thefounderandCEOofFutureThinksaiditwellwhenshestatedthat“managersneedtodevelopsimplificationasacoreleadershipcapabilityand[it]isacriticalcomponentofthebusinessstrategy。

”Itisextremelyimportantformanagementtodrivesimplificationrequirementsinordertoachievethevaluedesired。

Howwouldyoudescribeleadership’sroleinmanagingcomplexitywithinyourorganization?

Knowledge@WhartonandSAPareconductingasurveyonsimplificationandarelookingforyourthoughtsonwhereyourcompanyisheaded。

Foryourparticipation,youwillreceiveaWhartonDigitalPresse-book。

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