• Understand the need of transforming the organisation
• Identify the challenges the business will face in this journey of taking the next step
• Identify new business opportunities which were earlier getting missed due to the old ways of working
• Equip the management team with the methods, tools, and skills required to execute the best strategy in a constantly changing business environment
• Understand changes in consumer behaviour and take the right and timely decisions

COURSE OUTLINE

Transforming Business

• Understand the difference between transformation & change
• Types of transformation
• Understand innovation and its relevance at the workplace
• Business models and their impact
• The requirements for transforming the business
• The challenges of the successful transformation of an organisation
• Reasons for failure of the transformation projects
• Change you want to see after implementation of this initiative

The Role of Leadership in Transformation

• Understanding the Purpose & Vision of the organisation
• Role of leadership
• The importance of right and relevant communication for business transformation to take place
• Managing the stakeholders during the phase of transformation
• Defining the Goals, objectives, and measurement criteria of a business transformation
• Shaping the future of the business

Preparing for Transformation

• Taking stock of the current position of your businesses
• Conducting an environment analysis
• Visualising and Defining the end state
• Planning to achieve the end state
• List the changes you wish to see
• Identifying and Building a team to guide the process of transformation

Aligning Goals, People, and Systems

• How to deal with resistance?
• How to manage people through change?
• How to manage the entire project for transformation?
• Running a pilot first
• Monitoring & control the challenges
• Learnings – Unlearn, Learn, and Re-learn

Financial Impact of a Business Transformation Initiative

• Understand balance sheets
• Understand income statements
• Understand cash flow statements
• Understand the statements of shareholders’ equity
• Take stock of the investment made for transformation
• Diagnosis of the profit levels

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.

This course is available in the following locations:

Nigeria - $5000
Rwanda - $7000
UK - $8000
USA - $8000