EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.
Recent Searches
In times of change, businesses must change.
Organisations are continually adapting and responding to an evolving environment. As the pace of change continues to accelerate, organisations are searching for new routes to growth. Successful transformation journeys will be critical to leading businesses into a better future.
Transformation is a term which has been referenced repeatedly over the last couple of years and can mean a wide variety of things. Business transformation means delivering change, taking advantage of new market opportunities to steer a business in a new direction.
In an environment with multiple pressure points, increasing periods of uncertainty and disruption, a transformation realised approach should be considered to successfully deliver change objectives.
What is Transformation Realised?
Transformation realised is a dynamic, agile change delivery approach. It is an enterprise wide method which embraces change and is particularly suited to uncertainty and disruption.
At its core, transformation realised:
- Places humans at the centre of a transformation
- Deploys technology at speed and
- Innovates at scale
Human centricity places humans at the centre of a business’s purpose, strategy and everyday business, to enhance the human experience. It creates an organisation which is optimised for continuous improvement of customer experiences while empowering the workforce.
Delivering technologies at speed ensures organisations have the ability, methodology, tools and processes to rapidly reconfigure, integrate new technologies and launch new capabilities for the business at pace. This is critical in an environment where accelerated technology adoption is reinventing everything from education to work to health care.
Innovating at scale allows organisations to be at the forefront of disruption rather than being a consequence of same. It seeks to generate value and growth by applying new technologies to existing products, services and solutions.
The future is uncertain. The path there doesn’t have to be. Success requires a future-back approach and mindset.
For leaders facing disruption, thriving in this new environment, placing humans at the centre, leveraging technologies with greater speed and quickly scaling innovation, requires a new approach.
Transformation realised places future thinking at the core of transformation, to balance planning for a disruptive future whilst delivering for the present. It begins by defining the future of where an organisation would like to be and traces this back to where they exist today.
By defining what the future looks like upfront, it informs how transformation is designed and brought to life, underpinned by three core pillars of human centricity, technology at speed and innovation at scale.
How EY can help?
More than ever, we believe in the importance of harnessing technology at speed and driving innovation at scale, while ensuring humans are put firmly at the centre of every transformation.
Our Transformation Realised methodology takes a dynamic, iterative and agile approach to transformation. It brings together cross-functional and multi-disciplinary teams to successfully deliver change.
Summary
In today’s rapidly changing environment, the future is uncertain, and businesses are facing more change and disruption than ever before. Business leaders must adopt a transformation-thinking mindset and adapt the way their organisations change.
To build resilience, enable continued growth and successfully transform, businesses should consider three key elements:
- Place people at the centre
- Deliver technology at speed
- Innovate at scale