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5 Ways To Improve Change Management Models

5 Ways To Improve Change Management Models

April 11, 2018
Digital transformation requires not just the adoption of digital tools, but a complete change of mindset throughout the organization. Employees need to approach problems differently, communicate and collaborate differently, and measure success differently. Ultimately, an organization’s operations, revenue model, and organizational structure will change. And to add to the complexity, digital transformation will look different for every organization. Consequently, change management models are becoming an increasingly popular tool. They can help navigate and indeed drive the success of digital transformation projects. Change management efforts are some of the most complicated projects to deploy. So much of the success of the project is based on a series of seemingly intangible drivers. The Harvard Business Review has diagnosed this as a lack of data because most change efforts are more of an art than science. The second issue directly related to the lack of data is weariness to change. Without a [...]
Recruiting Consultants, Why It’s A Whole New Game

Recruiting Consultants, Why It’s A Whole New Game

January 5, 2018
Acquiring top talent is critical for the consulting industry. In fact, the traditional consulting business model relies on firms being able to market themselves as warehouses of top talent. As firms become more digital, putting thought into recruiting consultants is only becoming more essential. The jobs that businesses consider critical are starting to change. Data mining, for example, is becoming more important in virtually every industry, and consulting is no exception. In order to build the workforces they need for the future, therefore, firms cannot afford to wait. They need to quickly fill the talent gaps they identify based on the change that digitization brings. The Rise of Millennials The millennial generation (those born between circa. 1981-1996) is entering the workforce in rising numbers. In 2015, millennials surpassed Generation X as the most represented generation in the workforce, and by 2020 they are predicted to be nearly half. It [...]
Consulting Skills In The Digital Economy

Consulting Skills In The Digital Economy

January 3, 2018
Cultural integration is key to digital transformation efforts. Lack of cultural integration is a pervasive issue for consulting firms on the digital transformation journey. A 2017 study by Prophet consulting found that cultural barriers were one of the top three challenges for digital transformation initiatives. In our own study, Digital Transformation in the Consulting Industry, 65% of respondents noted that digital capabilities are only somewhat or not at all ingrained in their company cultures. Are consulting skills and firm cultures keeping pace with the digital economy?  Consulting Skills and Digital Transformation Changes Building the right workforce is key for any company trying to stay ahead of the curve. This does not mean hiring replacements for all current employees, but rather identifying gaps where new positions are needed, acquiring new talent or hiring internally to fill those gaps, and ensuring that current employees receive the necessary training. Interestingly, we found [...]
Digital Transformation Defined. Findings From 10 Industry Thought Leaders

Digital Transformation Defined. Findings From 10 Industry Thought Leaders

December 11, 2017
Last year, we noted that a significant market challenge was the lack of a clear digital transformation definition. On the surface, digital transformation simply means the transformation of a business to a more digital state. The problem we identified, however, lies in defining what exactly that state is and how a business should go about getting there. This problem persists, as studies from the current year show that a lack of a clear and consistent definition continue to slow digital transformation’s development in many corporations. In our compilation of definitions from top thought leaders last year, we found that most agreed that digital transformation was based around adjusting operations to meet customer expectations. What we found lacking in definitions overall was the role of leadership and culture, challenges that continues to plague digital transformation. While the challenge persists, however, the best minds in the business are constantly working to [...]
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