Full Transformation / Turnaround Strategy / Transformation Strategy - Bain & Company

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Consulting Service

Full Potential Transformation

Full Potential Transformations are the core of what we've done at Bain for more than 40 years. If your company is falling short of its full potential, we can guide you on a cross-functional effort to change the financial, operational and strategic trajectory of your business and produce game-changing results.

Corporate leaders have a core set of levers they can pull to help their organizations reach full potential. We guide you through a series of questions to identify, sequence and implement the changes and actions that will put your company on a trajectory toward sustained value creation. Transformation programs can take many forms, from moderate restructurings to full-scale turnarounds, and may be motivated by a desire to expand into uncharted territory or a need to navigate through dire financial and competitive circumstances. There is, however, one common factor: a readiness to disrupt the status quo in pursuit of growth.

Our approach to transformation relies on experts across a full set of capabilities, supported by our deep experience in the following areas:

In our experience, companies tend to fall into four broad quadrants that suggest what type of Full Potential Transformation may be required:

Insights

Our Team

Our Approach

Identifying the need for a Full Potential Transformation and implementing the change itself pose two distinct challenges:

  • Defining a bold vision for how the company must change, based on a clear-eyed analysis of its core competitiveness, now and in the future.
  • Recalibrating this "ideal" vision based on a realistic assessment of what the organization can do to align leadership, manage change and work through the disruption.

Lofty goals require pragmatic plans. Bain works side by side with clients to help them create detailed and customized strategies that will produce the change they are looking for. That’s why our process starts with questions:

1. What kind of transformation do you need?

Together, we assess the company’s current health in the context of industry dynamics, gauging how far its business model must shift to sustain or revive growth. Understanding this point of departure—and envisioned point of arrival—will establish the magnitude, difficulty and velocity of the change.

2. What is the right choreography?

We look across the seven levers of the business—strategyoperationsorganizationcustomer orientationcapital structureinformation technology and Results Delivery—to establish the most logical sequence of action. The goal is to pull the right levers at the right time, without disrupting the company’s overall strategy.

3. How should the transformation be managed?

Crafting a Full Potential Transformation plan is one thing, but executing it effectively requires the right leadership structure. The company’s culture and the magnitude of the effort ahead should inform the degree of centralized oversight. Some organizations respond best to a central management office while others prefer to manage change through the line.

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