Business Transformation Strategy | Business Transformation Ideas | Targetorate Consulting

TOTAL Business Transformation

By introducing creativity and innovation in business transformation, we thrive to improve 4 core aspects of our clients' Business - Efficiency, Effectiveness, Profitability & Growth.

Closely working with clients and a focused approach of increasing revenues, optimizing costs, identifying bottlenecks and automating business processes with technology integration, we have developed proven strategies for Total-Business-Transformation.

Using real world market expertise, benchmarks and best business practices, our leaders help clients’ in transforming conventionally operated business to competitive global organizations. Our experts have proven track record in helping clients in a business transformation methodology in industries like IT/ITES and Healthcare mainly serving in India, United States, United Kingdom, Middle-East and Italy.

The key areas we choose to address:

TOTAL Business Transformation key areas

Globalization, digitization, focus shift from developed to developing nations, blurred industry boundaries, regulation and the introduction of new technologies across industries are now changing the dynamics of doing business faster than ever before. These changes in the business environment have called for changes in business strategy and its operating models, with a clear message that business transformation is imperative.

Targetorate helps clients in the following areas:

Targetorate helps clients in the following areas

Business Strategy

  • Defining a sustainable growth strategy both long term and short term
  • Evaluating the business model
  • Identifying the market opportunities on-shore and off-shore
  • Defining the optimal product/service
  • Developing a roadmap for efficient and cost effective operations

Digital Transformation

  • Development of actionable Digital market strategies
  • Integrating of process, technology, and organization
  • Development of an implementation roadmap that balances cost with time to market

Change Management

  • Redefine Roles and Responsibilities
  • Establish accountability, responsibility and rules or engagement
  • Provide the required training to employees on the latest technologies
  • Provide a compelling career path to improve workforce retention
  • Build ownership beyond passive acceptance as defined in job role
  • Maintain employee performance and motivation
  • Communicate consistently across multiple channels

Product Design, Strategy and Pricing

  • Conducting market case analyses
  • Identify underperforming product services and creating optimal product/service mix
  • Develop strategies to reduce product cost and align pricing strategy with market norms and operations cost
  • Implement a product development model
  • Establishing KPIs’ for tracking product performance
  • Reduced time to market through technology and tools

Operating Model Transformation

  • Establishing communication, alignment, and synchronization across all functions
  • Developing a strategy/model to dynamically adjust as per market changes and marketplace dynamics
  • Aligning the inventory and supply market demand dynamics
  • Re-defining the production and distribution network
  • Improve material flow and reduce waste with the right equipment and systems
  • Upgrading the production, packaging and shipping processes
  • Establish achievable KPI’s and metrics

Customer Relationship Management

  • Evaluate customer profitability
  • Developing strategies for various customer segments
  • Creating a model to determine customer acquisition cost, both channel, and product wise
  • Defining a model to estimate the total cost per customers
  • Establishing a process to collect, analyse and gain actionable insights from your data
  • Strategy to build loyalty and brand recognition throughout the customer lifecycle through a mix of traditional and digital media marketing
  • Implement best in class customer care procedures

Sales Optimization

  • Determine market opportunities based on market share, geographic and demographic analysis.
  • Defining profitability models for prospective new markets and targeted growth areas
  • Aligning incentives with both strategic and short-term business goals
  • Creating a competitive compensation to attract and retain talent
  • Establish transparent, understandable and equitable monthly revenue goals
  • Refine the sales channel mix and align incentives with product strategy
  • Generate compelling sales proposals in a seamless process
  • Reduce administrative burden on valuable sales resources

Supply Chain Optimization

  • Developing and implementing strategic sourcing process
  • Establishing an overall governance model for sourcing and procurement
  • Introducing the best in the industry supply chain management best practices
  • Developing a model to achieve optimal availability of inventory within the supply chain
  • Analysing flow of both raw materials and finished goods to derive productivity and cost effectiveness
  • Implement KPI’s and metrics to enable Just-In-Time and Lean initiatives
  • Defining a strategy to establish an optimal warehouse network, layout, and design
  • Leveraging technology to boost efficiencies and reduce turnaround time

Enterprise Performance Management

  • Developing sustainable planning, budgeting, and forecasting models
  • Conducting profitability and costing analysis
  • Creating a robust performance reporting and analysis process to improve business performance using the insights received.
  • Aligning the outcomes to the company strategy

Financial Operations Transformation

  • Analysing business challenges and delivering revenue growth models
  • Developing models to achieve better-operating margin
  • Aligning your financial strategy for increasing shareholder value and improving asset efficiency.
  • Developing a model to extract timely and relevant insights