LIBERTY POINT

Business Transformation

Business transformation is a term that has gained popularity in recent years, but it simply refers to change management – the process of implementing and managing changes within a business. There are various types of activities that can be included in a business transformation project and determining factors for its success.

It's the business impact that is important...

One of the first things to consider when undertaking a business transformation project is whether a full team is necessary. While it may be true that not every level of business change requires a dedicated team, it is important to consider the impact of the change on the business. The size of the project is not as important as its potential effects.

For example, a large company like Tesla may need to roll out a global SAP implementation or open a factory in Shanghai in order to achieve growth targets, while a smaller e-commerce start-up may only need to focus on scaling up through changes such as introducing new products or implementing a CRM system. These examples differ greatly in size, but both will have a significant impact on their respective businesses if not properly managed.

Sustainable change is key...

Many business transformation projects fail or come in over budget and behind schedule. The primary reason for this is that they are not designed or implemented with sustainability in mind. If the changes made during the project cannot stand on their own without the support of the transformation team, they are not sustainable and all the time, effort, and resources put into the project will have been wasted.

To ensure the success of a business transformation project, it is essential to have a thorough plan in place and to test and re-test it. By doing so, the project can deliver lasting, sustainable changes that will benefit the business for a long time to come. At Liberty Point, our focus is on delivering results rather than engaging in administrative or consulting work. We prioritize sustained delivery above all else. To read more about the sustainable change management best paractices read our review here…

Liberty Point and business transformation...

Transformation projects can encompass a wide range of skills and goals. At Liberty Point, we specialize in the following four key areas of business transformation:

Business Strategy Development

Having a clear vision and a solid strategy is crucial for the success of any business. A well-defined strategy helps to ensure that all departments within the company are working towards the same goals and objectives, rather than operating in silos. Without a clear and aligned strategy, there is a risk of a "strategy gap" where different parts of the organization are not fully aligned and may be working at cross-purposes. Liberty Point can help your business to develop a strategic plan that aligns with your vision and goals, and guides the successful implementation and sustainability of your business.

Sales Planning & Control

At Liberty Point, we understand the importance of having a well-defined sales strategy that goes beyond simply "selling stuff." We believe that in order to succeed in a competitive market, a company needs a clear and effective plan for how to reach its sales goals. That's why we offer support in developing and implementing a comprehensive sales strategy that not only outlines the steps needed to achieve success, but also includes the necessary controls and measures to ensure growth. Whatever challenges your company is facing, we can help you align your objectives and work towards sustainable success.

Organisation Optimisation

An effective organizational structure is crucial for defining roles and responsibilities, facilitating clear communication and decision-making, underpinning employee satisfaction, and ensuring the success of your business. Liberty Point helps businesses review and redesign their organizational structure to improve efficiency and effectiveness. Our services include determining the best managerial or functional approach, establishing optimal spans of management, creating systems to measure and reward performance, and providing guidance during change programs.

Scale Up & Scale Down

Liberty Point has a strong track record in helping mid-term start-ups transition into fully-fledged operating companies. We not only assist with the scale-up process, but also provide strategic planning support. In addition, we can help with sourcing funding for your company through various methods such as seeking out investors or applying for grants. Conversely, we also have experience in managing downsizing for companies facing tough times, including headcount reduction programs. Our team is skilled in navigating these sensitive processes to ensure a smooth transition for the business.

Please note that traditional operational transformation projects involving the implementation of a lean culture and waste reduction programs are not included in the list above, as Liberty Point has a dedicated department for this type of change. You can find more information about this service in the main menu under Services.

If you would like to discuss your business transformation needs and how Liberty Point can help, please contact us using the details provided below.

Contact:

Tel: +65 88726201

Email: enquiries@libertypoint.io