What do we mean by Business Transformation?
For many, Business Transformation is synonymous with Digital Transformation - the idea that introducing a new digital innovation and/or capability will explode your business. While this can happen, it is extremely rare and reserved to the likes of Google, Apple, Meta who make it their business to transfer their business through digital innovation.
For most other companies, our definition of Business Transformation is about turning your Biggest Business Problem (BBP) into your biggest opportunity. And the outcome of that process will be your specific innovation for your business. Because, just like humans, all businesses are different and have a different problems. We don't ever believe in a one-size-fits-all solution.
Why?
How your Biggest Business Problem becomes the door to your Business Transformation.
By unlocking this opportunity, you will rebalance your 5Ps to work harmoniously. By doing that you enable them to perform at their peak levels.
It is the same with humans, when you "fix the problem" through therapy, you create harmony between the mind, body, heart, and soul where we all get to be our best. In business, when the 5Ps of Purpose, People, Product, Process, and Platforms are in balance, the business is able to thrive.
That said, it is fundamental to note that a change in any of them, will have an impact on many or all of them. One of the many goals of Business Therapy™ is to provide you as the business leader with the tools to forever assess, prioritize, and rebalance the business so it never stops thriving.