It is said that every company now needs to be a tech company in order to survive
According to Bloomberg (2016), the five most valuable companies are all digital companies: Google, Apple, Amazon, Facebook, and Microsoft.
A digital transformation is not just swapping out technologies. It’s a complete change in your business model that involves a lot more strategic thinking.
2 out of 3 digital transformation efforts fail
A digital transformation involves not only a technology re-haul, but a cultural mindset change. But there are challenges with both!
Technology has constraints and people have resistance
It can cost millions of dollars, thousands of employees their jobs, and shut down hundreds of locations. So why do one? Because the risk of not transforming is even greater.
When picking a new technology, there are 3 main factors you want to consider.
- Does it meet current needs?
- Does it meet future needs?
- Is it feasible and affordable enough to on-board and integrate?
Shifting a culture requires a delicate and systematic approach to prevent failure and affect positive change.
Top 3 reasons why transformations fail
- Lack of awareness (across all levels of the company)
- Lack of transformation experience (of leaders)
- Senior leadership alignment
Let us set you up for success
PM Advisors brings the ability to create company-wide awareness with the right touch, knowledge and experience executing digital transformations, and the mediation skills to align senior leadership.vPM Advisors will provide the following:
Change Readiness Assessment
PM Advisors assess your organizational climate in terms of its culture, its history with change/transformation initiatives, and its resistance to change through diagnostic tools to see if you are ready for change and prepared to lead it. Information on attitudes and behaviors is gathered during stakeholder interviews and surveys which allows us to identify areas of concern and barriers you are likely to encounter during your change efforts.
Change Management Action Plan
PM Advisors define the transition path from the old way of doing business to the new. We recommend a systematic step by step approach to address the issues identified in the Change Readiness Assessment, working collaboratively with your organization’s change agents to implement changes while mitigating risks. Our actions are designed to help overcome resistance, reduce the impact of past history, and convey a shared vision for acceptance into the business culture.
Change Monitoring & Reinforcement
PM Advisors validate that the change has occurred and been accepted. To monitor change progress, PM Advisors can help you perform periodic reviews of the change initiatives identified in the Change Management Action Plan to confirm the transition is moving along as planned. If these reviews serve as triggers to immediately initiate required actions to get the transformation back on track. We use proven and effective reinforcement techniques to help support cultural acceptance and include mentoring, coaching, workshops, and training.