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Keys to
Growth - "Keep it Simple"
Top performing companies grow 20-40% faster than their
baseline competitors by reducing variation and
complexity.
Cutting costs has long been
the source of initiatives to reduce complexity. These
initiatives typically focus on product and service
portfolios, partners, suppliers and business processes.
But reducing costs is just the tip of the "value
iceberg" - our experience with clients has shown
that by reducing complexity they can grow 20-40%
faster than their competitors.
How do
you reduce complexity? Minimize variations. Too many
variations - in services, products, the organization and
in business cycle processes. By reducing these
variations, companies can reduce costs. Though the
savings can be significant, the largest benefits nearly
always come from realigning your products to meet your
customer's needs, which translate into faster
inventory turn, greater customer satisfaction, and
improved margins.
WGA's services start by instituting an initial
assessment, to determine what systems and processes are
good candidates for decommissioning or replacement.
The approach provides for a look into the cost of
complexity in your organization. Next, we focus on
customers, stakeholders, products and critical business
functions to determine what level of complexity and cost
is best to meet organizational goals.
To find out
more about WGA's work in
this capability area, please
contact the practice. |
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