What are the 𝗸𝗲𝘆 𝗳𝗮𝗰𝘁𝗼𝗿𝘀 for 𝘀𝘂𝗰𝗰𝗲𝘀𝘀𝗳𝘂𝗹 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝘁𝗿𝗮𝗻𝘀𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻𝘀?

NORDA Advisory research reveals 21 key factors that have a high, medium, or low impact on the success of business transformations.

The 21 key factors can be grouped into the following categories:

1️⃣ Organization

2️⃣ People

3️⃣ Selection process

4️⃣ Methods, templates, and tools

5️⃣ Planning and status reporting

What are the key factors in detail?

1️⃣ Organization

Leverage strengths of the organization and culture.
Ensure that vision, goals and objectives, strategic directions, approach, and speed of change fit to the organization and culture.
Involve C-level/ Senior Management.
Ensure support by becoming part of
the Steering Committee.

2️⃣ People

Establish a diversified team.
Select resources who have the relevant experience and expertise, competencies, and skills.
Estimate availability realistically. Hire back-fills.
Trust in people. Empower
Reinforce collaboration. Build an effective

3️⃣ Selection process

Do not rush when making decisions. Let it ripen.
Don‘t by cheap. “Buy cheap, buy twice.”
Hire experts.
Do not do “Jugend forscht”. A business transformation is not the place for scientific research.

4️⃣ Methods, templates, and tools

Benefit from a coherent, proven, and upfront aligned set of accelerators, best practices, methods, templates, and tools – throughout all project phases.
Never change templates throughout the course of the project.
Implement a proven technology platform.

5️⃣ Planning and status reporting

Align on a clear and reasonable scope. Reduce complexity.
Align on a realistic timeline. There are public holidays, vacations, and sick leaves. Plan buffer.
Project planning should consist of critical path, milestones, quality gates and criteria as well as point-of-no-return.
Perform status reporting honestly, including issues and risks. Mitigate
Steer, govern and control. Replan if required. If the project is in tilt, maybe this means weekly. Worst case is to let run.

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Send us a direct message (DM) to discuss the options.