Strategy
- What is your digital transformation strategy ?
- Is your strategy designed to outperform your competitors, or to fundamentally change your business?
- How often do you revalidate the crucial assumptions your strategy is built on?
- Do you know the profit pool of your industry, and its distribution among the value chain?
- Is your strategy just a set of ambitious goals or the set-up of your company to get there?
Agility
- How agile are your company's strategy, structure and minds?
- Has your organization a deeply embedded sense of urgency?
- When facing change, is your company naturally trying harder or smarter?
- Do you foster a culture of experimentation and testing?
- How dynamically do you reallocate resources when necessary?
Resources
- What are your company's Crown Jewels, the unique resources your success is built on?
- Which of your current assets may turn into liabilities tomorrow?
- Do you exploit the full potential to upgrade and leverage your assets?
- To what extent can you turn your company asset light and asset flexible?
- When restructuring, are you burning the fat or cutting the muscle ?
Alignment
- Are all the relevant areas aligned to the strategy, or are there inconsistencies between two or more elements?
Simplification
- Have you clearly defined your company’s trade-offs – what deliberately not to do?
- Have you reduced the complexity of a strategic problem to make it as simple as possible, but not simpler? (tribute to Albert Einstein)
- When you add an activity, product or service, are you consequently reducing or eliminating another one?
- When have you applied the Pareto Principle for the last time?
- What percentage of your company's committees and reports are useless?
Transformation
- Has your transformation program all the relevant requirements defined and set?
- Need for change / "Burning Platform"
- Consistent strategy and ambitious targets
- Top Sponsor and Coalition for Change
- Committed leadership team
- Exciting story
- Compelling business case and clearly defined economic levers
- Roadmap / Action plan
Rewards
- Are change-makers being rewarded or sanctioned?
- Is the bonus system of your company strictly linked to the relevant KPIs?
- Do you make the tough calls to rigorously sanction dysfunctional behavior?
- Does every employee know how to contribute to the overall goals?
- Do you pinpoint the goals, or do you set a target corridor?
Organization
- Is your organization effective in terms of
- clear roles and responsibilities
- decision making
- reliability and quality
- flexibility and learning
- cost
- Is your company’s informal organization even close to the formal one?
- Have you got the right balance of centralized and decentralized decision making?
- Have you eliminated all the silos?
Scorecard
- Do you mainly rely on past financial data, i.e. driving with the rear-view mirror?
- How good is your early warning system?
- Do you know the real profitability of your customers, product lines, sites, segments, and how to improve it?
- Are the KPIs designed to steer your company directionally right or precisely wrong?
- Do you measure symptoms, or do you tackle the root causes?
- What is the maximum negative impact your company can survive?