Preemptive transformation is a proactive approach to business change, addressing potential issues before they become significant problems. Companies that implement this strategy are 3.5 times more likely to outperform their industry peers. Preemptive transformation involves four key elements: a forward-looking strategy, an agile operating model, a performance culture, and an adaptive technology function.
A forward-looking strategy focuses on identifying future trends and threats, and planning accordingly. It requires a deep understanding of the market and the ability to adapt quickly.
An agile operating model is all about flexibility. It enables quick decision-making and fosters innovation. It also involves creating a flexible workforce and investing in digital capabilities.
A performance culture is about setting high standards and driving performance. It includes clear communication of goals and expectations, and rewarding high performance.
Lastly, an adaptive technology function involves embracing technology as a strategic asset. It includes investing in new technologies, fostering digital skills, and creating an agile IT infrastructure.
In summary, preemptive transformation is a proactive approach to change that can help companies stay ahead of the curve and outperform their competitors. It involves a forward-looking strategy, an agile operating model, a performance culture, and an adaptive technology function.
Go to source article: https://www.bcg.com/publications/2018/preemptive-transformation-fix-it-before-it-breaks.aspx