Download and customize hundreds of business templates for free
Yes, there are several examples of companies that have successfully shifted resources from an old business model to a new one. One notable example is IBM, which transitioned from a hardware-focused company to a service-oriented business. Another example is Adobe, which shifted from selling packaged software to a cloud-based subscription model. These transitions often involve significant challenges and risks, but can ultimately lead to greater long-term success.
Question was asked on:
The new model is proven to be superior and has gained acceptance among early adopters. To gain acceleration at this stage, companies must single-mindedly shift resources from the old to the new model. This is the hardest stage to navigate. As revenues suffer, the tendency to become conservative and focus on the core legacy business increases. Boards may be unwilling to accept reduced performance to achieve long-term goals. Where there is a lack of in-house capabilities, acquisitions must be explored.
Asked on the following book summary:
McKinsey & Co. partners wrote this book. How do you effectively turn the promises of strategy meetings into reality? How can you manage social dynamic...
Download and customize hundreds of business templates for free
How do you measure the impact of individual members of the team, investors, customers, or even regulatory agencies on a project's success or failure? Projects often include stakeholder analyses to evaluate and prioritize participants and key players based on their influence, attitudes, interest, and potential risk. Use the Stakeholder Analysis framework to identify threats, opportunities, and ultimately create better end products.
Do you find it hard to appease investors? Our Investor Report presentation provides the most important talking points in front of board members and stakeholders and allows the investor relations team to highlight recent wins and secure future support.
Want to save hours on the design and layout of your next quarterly report? Use this presentation template to translate important information into a digestible report to be distributed between teams and stakeholders. Quarterly reports incorporate pages and pages of documents, so save hours of work with this completely customizable presentation.
Need to better retain your biggest customers and maximize their values? Use our Key Account Management presentation for the top tools to manage the accounts that matter the most to your growth. After account managers land clients, an excellent relationship is vital to bring in recurring revenue and even upsell with higher margin.