Blueprint for Success: Crafting The Future with Target Operating Models

Welcome to the latest Business Bullet newsletter. This month we are looking at how companies plan and organize themselves to succeed both today and tomorrow. We'll show you the building blocks of a good plan—a Target Operating Model—and why it's important for bringing a company's big ideas to life. Think of it as the behind-the-scenes work that makes sure a business can do what it wants to do, even when things keep changing around it.

We also talk about how the world outside the office—like new tech, working from home, and what people want—can shake things up. This newsletter helps you see why being ready for change is a must, and how being smart about your business plan can help you stay ahead.

As always, we welcome your thoughts and questions. Happy reading, and here’s to your success in all your project endeavours!

Writing a Target Operating Model (TOM)

A Target Operating Model shows how an organisation should be supported by its employees and its organisational structure to deliver and execute the organisations future strategy. ?It provides a visual overview of how a business can be structured to implement an organisations strategy as each of the main business activities are represented.

A Target Operating Model is different to a firm’s business strategy. ?The latter will change frequently based on external factors. ?A Target Operating Model provides the foundation and flexibility required to execute the firm’s goals. ?A business strategy is essential for helping achieve the target operating model and in turn influences the strategy.

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Should we have a more ambitious plan in place to justify our target operating model a few years in the future?

This article looks at external factors and why companies will need to plan their target operating model to ensure they are adapting to support their company strategy into the future.? External factors can cause disruptions and impact the way a company may want to operate.

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Handling Transformation with a Target Operating Model

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As we close this edition of Business Bullet, we hope that the insights and strategies discussed have sparked new ideas and provided a clearer path for adapting your Target Operating Model to meet the demands of a rapidly changing business landscape. Remember, the effectiveness of a TOM lies in its ability to evolve. Your organization's agility and readiness for the future hinge on the careful planning and execution of a model that's flexible, resilient, and aligned with your vision.

We encourage you to take the next steps:

• Reflect on your current operating model: Does it align with your strategic objectives? If not, what changes can you begin to implement?
• Engage with your team: Discuss how external factors might impact your business and how you can collectively adapt to these changes.
• Stay informed: Keep up with trends and external factors that could influence your industry. Knowledge is power, and staying ahead of the curve is crucial.
• Seek expertise: If you're considering a revision of your TOM or starting from scratch, professional advice can make all the difference.
• Provide feedback: What did you find most valuable in this newsletter? Share your thoughts with us, and let us know what topics you'd like to see covered in future editions.

Your journey to a robust and effective operating model is ongoing, and we're here to support you every step of the way. Keep the conversation going—join our online community forum, attend our course, and don’t forget to subscribe for more insights. Together, let's turn challenges into opportunities and strategies into action.

Want more in-depth knowledge and tools to excel in business analysis? Be sure to check out 'The Business Analysis Handbook, 2nd Edition'. The Business Analysis Handbook was ground-breaking in providing a hands-on guide to the business analyst role. This second edition reflects key developments and new career pathways in the profession.? It also has an extended section about the latest trends around digital transformations. Thank you for being part of our community. We look forward to sharing more valuable insights with you in our next newsletter

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