Business Model Transformation
As the Digital Era continues to progress, the potentially disruptive effects of new social and digital technologies can seem very threatening to organizations and industries. Although many technology advances do present “competence destroying” challenges, they can also produce “competence enhancing” and “competence extending” opportunities. The key is to be vigilant about current and future technology changes and how they may affect current and future digital business strategy.
Most busy professionals don’t have either the time or the technological sophistication to engage in the kinds of environmental scanning and deep-dive analysis that enables them to understand evolving technologies, anticipate their potential impact, and develop a viable approach to transforming their organization into a truly digital business.
We can help. Our Business Model Transformation services focus on how organizations should consider transforming themselves for future Digital Era success. We focus on both opportunities and challenges, guiding organizations and their leaders to think about pragmatic and evolutionary approaches to change over both the short and longer terms that effectively balance historical precedent, current circumstances, and future trends.
Services and Fees
Our Business Model Transformation services range from informal advice and counsel to formal strategic planning initiatives. Working with your team and external service providers, we provide both direct services and “over-the-shoulder” consulting, with project-based, retainer and hourly fees.can
Informal services can be provided on an ad hoc basis, either on the phone, in person, or via email, video or online meeting. The agenda for these discussions is usually defined by the client, based on the issues and questions that are most pressing to them. Sessions can be conducted with individual leaders, leadership teams, and/or divisions and work groups.
More formal Business Model Transformation services can be provided in person with small groups, and can range from half-day to multiple-day sessions. One full day, with a mix of presentation and discussion, is most common. For more complex efforts that require multiple days, it’s generally recommended that the days be spaced out to allow time between sessions to digest ideas, gather feedback from others, conduct research, etc. The session agenda is defined jointly with the client, based on the overarching opportunity or challenge they want to address.
Fees for informal support are usually specified in terms of monthly retainers for ongoing advice and counsel. Hourly rate arrangements can also be made. Fees for formal support are usually specified as half-day or daily rates and include preparation, delivery, and follow-up. Travel reimbursement is expected for out-of-town engagements.