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4 key business transformation areas to focus on in 2022

The first quarter of every year is an ideal time to set the tone for growth. It’s when business leaders have a fresh start to accelerate change that drives continuous improvement.

Change starts with having a clear vision. While every industry is different, these are four key areas companies should focus on in 2022 to drive sustainable transformation:

1. ESG and lower carbon future (LCF)

To drive your company’s ESG agenda in a clear, structured, and effective way, you need a defined ESG framework and a LCF that lowers carbon outputs and strives towards carbon neutrality while suiting your company’s purpose and goals.

What if you could see your carbon output number, clearly view the elements playing a part in these results, and take decisive action to improve your carbon emissions (stages 1, 2, and 3) at speed? You can by using advanced scenario modeling technology and big data analysis to identify opportunities, prioritize your starting point, and define the operational roadmap to reduce your carbon footprint.

2. Digitalization

Organizations have invested significantly in remote work and overall productivity through digitalization. If anything, the Pandemic accelerated the era of digital transformation, and as such it’s imperative to create an agile model that governs and enables successful digital transformation. To do that you need a disruptive and innovative framework that changes the end-to-end way you operate, manage, engage, and track overall company results from the introduction of digital technologies.

At Proudfoot, we call this the Results Hub. Your Results Hub should focus on the management, operating, business, and change models to allow true business transformation, underpinned by people engagement and digitalization, in a structured and holistic approach.

3. Risk management

Developing risk strategies and plans for the future is essential to ensure continuity in the constantly disrupted world. It’s no longer enough to just plan for what’s happening based on the past.

Today, companies must have implementation plans ready to go for the unforeseen. Scenario modeling is crucial to survival and managing risk in complex and volatile environments.

4. Supply chain optimization

The value chain should be at the top of your list for analysis when it comes to fortifying your supply chain processes and asking the right questions in each of the primary value chain areas to gain optimization, reduce costs, minimize risk, and provide outstanding service to your customers.

You’ll want to look at everything from the way you procure raw materials or services to your distribution network, inventory, logistics, and localization opportunities.

Conclusion:

The new year is an exciting time for companies to set their sights high, but operationalizing these strategies through a detailed, agile implementation roadmap is what will help you achieve those goals. The faster you take decisive action, the quicker you see bottom-line results, growth, and an improved company culture that engages your people in the transformation journey.

In the coming days, we’ll be sharing specific plans for industries, with a five-point plan to guide you toward a successful 2022. In the meantime, get in touch to get your strategy off the ground, operationalize a strategy you already have in place, or to find out more about how we have helped companies design, develop, and implement their optimal roadmap that will deliver the company of the future.

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