ADVERTISEMENT FEATURE It's all change for transformation Tratech Consulting's unique approach can help your business achieve seamless change through a holistic focus on people, processes and technology Challenges accepted When going into any transformation project, it's vital to be aware of the potential stumbling blocks: ● Setting unrealistic aspirations: Are the goals and ambitions set by the management teams based on facts or feelings? To be successful, transformation projects should centre around data-centric decisions using business insights. ● Resistance to change: Employees often resist change due to a fear of the unknown or lack of trust in new systems. This can delay or even derail transformation initiatives. Ensure you have a compelling " why " that explains how doing things differently can be a positive experience and improve their overall job satisfaction. ● Poor planning and execution: A clear transformation strategy is vital. Too often, managers lack the strategic focus to manage the process, either rushing the project or acting too slowly with key decisions. T he new Labour government aims to revitalise the UK economy with significant changes. Key initiatives O 01 include nationwide gigabit broadband and 5G coverage by 2030 and a £7.3bn National Wealth Fund. With many management teams seeking to understand how these policy proposals may impact their organisations in the years to come, now is the time to consider the importance of business transformation and change management. C The crucial trio Around 70% of large-scale transformations are failing, according to management consultants McKinsey - proof that even the most wellintentioned teams can come unstuck. The aim at Tratech Consulting is to address three core components: people, process and technology. 1 People Employees are the backbone of any organisation. Neglecting them in the transformation process can reduce morale and productivity, while a resistance to change can derail even 02 C 07 R 03L 06 I V I 05 04 A I L M U P T O R V A M E N R A E P E W I T E V D S I E R R O N T O